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| 1. I worked at a firm for 15 years and I was dismismissed last Friday, due to a reduction in sales. How long do I have to convert my group life insurance? |
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| 2. Credit life is sold as a group plan to protect debtors. (T or F) |
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| 3. The employer was issued the _____ ______ for the group life contract. |
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| 4. Industrial Home Service Policies are serviced by a debit agent and written for a smaller amount than a traditional policy. (T or F) |
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| 5. A group Credit Life Policy will never be more than the individual's amount of ______ . |
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| 6. The two definitions of group insurance are ____ and _____. Which one requires a 75% participation by the employees? |
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| contributory, noncontributory |
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| 7. In Franchise groups, how Master Policies will be issued? |
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| 8. To be fully insured under Social Security, an individual must have ____ quarters of covered employment. |
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| 9. To be currently covered by Social Security, one must be covered for which of the following periods of time? A)13 quarters out of 16 years. B) 6 quarters out of the last 13 years. C) 6 quarters out of the last 13 quarters. |
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| - C) 6 quarters out of the last 13 quarters |
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