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Is group life insurance usually a part of most group insurance plans?
Yes. It is a component of most group plans.
No it is not.
Which type of insurance has an investment component?
Term Life Insurance
Permanent Life Insurance
Is AD&D automatically covered under group life insurance plans?
Yes, it is automatically a part of life insurance plans.
No, it is an additional benefit sold in conjunction with group life insurance.
How does group life insurance premiums compare to personal life insurance premiums?
Group life insurance premiums are generally more expensive because they have a higher payout..
Group life insurance premiums are cheaper than personal life insurance premiums
What beneficiary type can be changed at any time?
Revocable Beneficiary
Irrevocable beneficiary
What will happen to your group life insurance if you are fired or leave an organization?
Once you leave an organization, your group life insurance ends.
Once you leave an organization, you have 30-60 days to convert the coverage.
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