100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Xcel Solutions 7 Group Life Questions and Answers 2024 $13.99   Add to cart

Exam (elaborations)

Xcel Solutions 7 Group Life Questions and Answers 2024

 5 views  0 purchase
  • Course
  • Xcel solution
  • Institution
  • Xcel Solution

Xcel Solutions 7 Group Life

Preview 1 out of 2  pages

  • November 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Xcel solution
  • Xcel solution
avatar-seller
Dreamer252
Xcel Solutions 7 Group Life

An employer has a group life coverage for his employees. How would an employee in
poor health be treated in this situation? - answer Eligible for the same type of coverage
as the other employees

Which statement about group life insurance is INCORRECT? - answer Each participant
requires evidence of insurability

Which statement regarding the certificate of insurance is accurate? - answer It indicates
evidence of an employee's insurance coverage

Any employee insured under a group life insurance plan is normally - answer covered
with term life insurance

What is an insurance contract that identifies individuals by relationship to a specific
organization? - answer group insurance

What are premiums for group credit life insurance based on? - answer Flat rate
unrelated to the borrower's age

Which type of policy can group term life insurance normally be converted into? -
answerAn individual permanent life insurance policy

The conversion option for group term insurance may be exercised by an employee -
answerwithin 31 days of terminated employment

Group life insurance is typically issued as - answerlevel term insurance

Why do insurers require a minimum number of employees participate in a group
insurance plan? - answerMinimize adverse selection

The policy provision that permits an employee to change from group life coverage to an
individual life policy is called the - answerConversion provision

What minimum percentage of all eligible employees must participate in a group life
insurance plan if the premiums are completely paid for by the employer?

0%
50%
75%
100% - answer100%

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Dreamer252. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart