[Answer] If its employees share in the cost of insurance what type of group life insurance plan would a corporation have?

Answer: Contributory

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If its employees share in the cost of insurance what type of group life insurance plan would a corporation have? Start studying Chapter 6. Learn vocabulary terms and more with flashcards games and other study tools. ... If its employees share in the cost of insurance what type of group life insurance plan would a corporation have ? the entire cost of the plan is paid for by the employer. An employee of 20 years recently retired at age 59 1/2 . This employee's group life contract can be. converted to an individual permanent policy at an individual rate. An employee with $ 25000 group term life coverage was recently fired. Portion of the premiums paid for by the employer may be a tax deduction. An employee with $ 25000 group term life coverage was recently fired. Employee must convert group term life coverage into an individual term life policy. Employee must provide evidence of insurability for conversion. Policy proceeds will be paid if the employee dies during the conversion period . Policy proceeds will NOT be paid if … The maximum amount considered eligible for reimbursement by an insurance company under a health plan . T is covered by two health insurance plans: a group plan through his employer and his spouse's plan as a dependent. Answer: Group life insurance is a type of life insurance in which a single contract covers an entire group of people . Typically the...

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