When an employer pays the entire premium for a group disability plan, any benefit received by an employee is:

a. not coordinated with any Worker's Comp benefits the employee may be eligible to receive.

b. received only for short-term disabilities.

c. deductible income to the employer.

d. taxable as income to the employee.

Answer: D

Insurance

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A domestic insurer issuing variable contracts must establish one or more
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In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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What is the benefit of choosing extended term as a nonforfeiture option?
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