Life Insurance Exam [National] 37 – Group Life Insurance Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam real estate exam. In this episode you will learn: • The employer acts as the master policyholder while employees receive a certificate of insurance as proof of coverage. • Noncontributory plans are 100% funded by the employer and require 100% participation of eligible employees. • Contributory plans involve employee premium contributions and require a minimum of 75% participation to avoid adverse selection. • The conversion privilege allows employees to switch to individual whole life insurance within 31 days without a medical exam if they leave the group. • Group underwriting focuses on the collective risk characteristics of the group rather than individual health history or physicals. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep