CEBS Exams (Individual Modules)

In a group term life insurance plan, what does the term 'guarantee issue amount' refer to?

The maximum death benefit the insurer will ever pay The amount of coverage available without requiring evidence of insurability (EOI) The employer's maximum contribution toward premiums The minimum benefit payable to any beneficiary

Correct Answer:

The amount of coverage available without requiring evidence of insurability (EOI)

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