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Benefits Beginner: Group Term Life Insurance

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1.
Term life insurance premium rates are usually cheaper than whole life insurance premium rates.
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True. This is largely because term life insurance does not build up a cash value.
2.
Features of group term life insurance policies may include _______.
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Both A and B. Disability insurance wont be included.
3.
Individual term life insurance may be less expensive than group term insurance if _______.
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Both B and C. The young and the healthy normally pay lower premiums.
4.
When you receive insurance through a group term life insurance plan, you may have to pay for _______.
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Any of the above. There may be great variation among arrangements.
5.
An employer may set conditions on which employees receive a group term life insurance benefit, including that ________.
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Both A and B. Employers often set these requirements.