QQuestionHealthcare
QuestionHealthcare
Group life insurance policies are generally written as:
A. a term rider
B. annually renewable term
C. increasing term
D. group whole life
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Answer
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Step 1:: Identify the correct definition of group life insurance policies.
Group life insurance policies are a type of life insurance policy that covers a group of people under a single contract. These policies are often offered by employers to their employees as part of a benefits package. The four options given in the question represent different types of group life insurance policies.
Step 2:: Define each option.
A. A term rider is an additional feature added to a basic life insurance policy, providing coverage for a specific term. B. Annually renewable term is a type of term life insurance policy that can be renewed each year without providing evidence of insurability. C. Increasing term is a type of term life insurance policy where the death benefit increases over time. D. Group whole life is a type of permanent life insurance policy that provides coverage for the entire lifetime of the insured.
Step 3:: Identify the correct answer.
Group life insurance policies are most commonly written as group whole life policies (Option D). This is because group whole life policies provide coverage for the entire lifetime of the insured, and the premiums are typically lower than individual whole life policies due to the pooling of risk in a group.
Final Answer
Group whole life.
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