Which of the following statements about the group conversion option is NOT true?

A) The member can convert to any type of insurance except term insurance.
B) Group life policies must include a conversion privilege.
C) The option guarantees the member that coverage will continue for 60 days.
D) If the member dies during the conversion period, the insurer will pay the death benefit in full.

Ans: C) The option guarantees the member that coverage will continue for 60 days.

Business

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The Bank for International Settlements does not provide bridging loans

Indicate whether the statement is true or false

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Which of the following is the best example of a situation in which a firm is compensating an employee with base remuneration?

A) An American engineer working in Japan receives a salary comparable to that of engineers working in the U.S. B) A Dutch computer programmer working in Hong Kong receives an additional payment to cover the cost of relocation. C) A German accountant working in India receives a one-time bonus for the potential hardships of working abroad. D) A British manager working in a civil war-torn zone receives additional allowances for working under perceived threat.

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