Question

In: Finance

1. Which of the following statements concerning the waiver-of-premium provision for group term life insurance is...

1. Which of the following statements concerning the waiver-of-premium provision for group term life insurance is correct?

A. The employee can be partially disabled.
B. The employee must submit evidence of continuing disability every time he or she files a claim.
C. The disability must commence within 12 months after the employee ceases to be insured under the master contract. D. The disability must commence prior to some specified age, such as 60.

Solutions

Expert Solution

Option A is correct - Any disability (even if partial) which prevents the insured from being able to fulfil the duties of his job, can be considered as disability to trigger the waiver of premium provision.


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