"A noncontributory group term life plan is characterized by:

A. The entire cost of the plan is paid for by the employer.
B. The entire cost of the plan is paid for by the employee.
C. The cost of the plan is shared by both employer and employee.
D. Both employer and employee must provide evidence of insurability."

Question

"A noncontributory group term life plan is characterized by:

A. The entire cost of the plan is paid for by the employer.
B. The entire cost of the plan is paid for by the employee.
C. The cost of the plan is shared by both employer and employee.
D. Both employer and employee must provide evidence of insurability."

StudyXY · Accepted Answer

Let's solve this step by step: : Understand the key terms : Analyze the meaning of "noncontributory" : Evaluate the given options : Reasoning Key Insight: "Noncontributory" means the employer fully funds the group term life insurance plan, with no financial contribution required from the employees.

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QuestionBusiness Management

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: Understand the key terms

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