【米国生命保険ライセンス8】Other Life Insurance Concept

Q1.When must insurable interest be present in order for a life insurance policy to be valid?

• When the insured dies
• Within the incontestability period
• When the application is made
• Before the insured dies

A. When the application is made

Q2.A noncontributory group term life plan is characterized by:

• the entire cost of the plan is paid for by the employer
• the entire cost of the plan is paid for by the employee
• the cost of the plan is shared by both employer and employee
• both employer and employee must provide evidence of insurability

A. the entire cost of the plan is paid for by the employer

Q3.Company XYZ offers a group Term Life Insurance plan to its employees. What does each employee covered under this plan receive?

• Master policy
• Receipt of coverage
• Individual policy
• Certificate of insurance

A. Certificate of insurance

Q4.When an employee is terminated, which statement about a group term life conversion is true?

• 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 employee dies during the conversion period

A. Policy proceeds will be paid if the employee dies during the conversion period

Q5.Which of the following statements about noncontributory employee group life insurance is FALSE?

• A minimum number of employees is required to participate
• All eligible employees must be covered
• No evidence of insurability required
• Must have conversion rights

A. A minimum number of employees is required to participate

解説：Noncontributory employee group life insuranceは従業員全員をカバーしなければならない。