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3 Cards in this Set
- Front
- Back
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Group life insurance |
Is a plan that provides coverage to more than one person under one policy. Group life insurance is usually written for employee- employer groups. Is also usually written as annually, renewable term insurance. Evidence of insurability is usually not required if participant and roles during the Open Enrollment. And participates under the plan do not receive a policy nor do they own a control the policy. |
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Non-contributory |
When the employer pays |
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Contributory |
When the premiums are shared between the employer and employees |
