Which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated?

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Which of the following employees insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated?

A. Those who have no history of claims

B. Those who have been insured under the plan for at least 5 years

C. Those who have worked in the company for at least 3 years

D. Those who have dependents

Answer: B. Those who have been insured under the plan for at least 5 years

Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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