Author Question: All of the following statements about employer-provided group life insurance are true EXCEPT A) ... (Read 87 times)

Brittanyd9008 · **on:** Jul 11, 2018

All of the following statements about employer-provided group life insurance are true EXCEPT

A) Individual evidence of insurability, through a medical exam, is usually required.
B) Group life insurance is a common employee benefit.
C) A single contact between the employer and the insurer is issued.
D) Employees are given certificates of insurance as evidence of the coverage.

Question 2

Which of the following statements about indexed universal life insurance is true?

A) It is another name for variable life insurance.
B) Although a minimum interest rate is guaranteed, the rate credited can be higher if a specified stock index performs well.
C) The cash value is usually credited with 100 percent of the return on the equity index, including dividends paid on the stocks in the index.
D) The formula used to determine the additional interest credited to the policy places no limit on the additional interest that can be credited.