QUESTIONS AND ANSWERS
In a single employer group plan, what is the name of the policy issued to the employer? -
ANS Master contract
Tim was recently terminated from his employment and opted to change his existing group term
life insurance to individual permanent life insurance. What is this process called? -
ANS Conversion
Which of the following is NOT a requirement for a terminated employee that has exercised the
conversion privilege? - ANS Provide proof of insurability
Which of the following is NOT a characteristic of the conversion privilege? - ANS Employer
pays the premium for the converted policy
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