Question

group life insurance is typically issued without evidence of insurability provided that : the employee pays the full premium coverage exceeds $100,000 the employee enrolls during the eligibility period the employer is the beneficiary clear selection which specialized policy is most commonly used in estate planning to pay estate taxes? credit life joint life survivorship life industrial life clear selection on a state exam, which life insurance policy type involves the most investment risk to the policy owner? whole life universal life

Explanation:

1. For group life insurance, enrollment during the eligibility period is the standard requirement to avoid needing evidence of insurability, as this leverages group underwriting.
2. Survivorship life insurance pays out after both insured individuals pass, making it ideal for covering estate taxes which are due after the second spouse's death.
3. Variable life insurance (note: the visible options are cut off, but among common types, variable life places full investment risk on the policy owner; the visible incorrect option whole life has guaranteed cash values with low risk)

Answer:

1. The employee enrolls during the eligibility period
2. Survivorship life
3. (Note: The full options are cut off, but the correct answer among standard exam choices is Variable Life; of the visible options, Whole Life is incorrect as it has minimal investment risk to the owner)