Question

Which of the following statements about non-contributory employee group life insurance is FALSE?

a) It is entirely paid for by the employer.
b) It typically requires employee contributions.
c) Employees may not have the option to decline coverage.
d) It provides a death benefit to employees.

Answer 1

The statement that is FALSE about non-contributory employee group life insurance is that it typically requires employee contributions.

Step-by-step explanation:

The statement that is FALSE about non-contributory employee group life insurance is b) It typically requires employee contributions.

Non-contributory employee group life insurance is a type of insurance paid entirely by the employer. In this type of insurance, employees do not need to contribute any money towards the premium. The coverage is provided by the employer as a benefit to employees. It also provides a death benefit to employees, which is a sum of money paid out to the designated beneficiaries in the event of the employee's death. However, employees may have the option to decline the coverage if they wish.