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Group term life insurance definition?
Group term life insurance is a one year coverage that is renewable at the end of each year. The group plan is subject to experience rating, so the premium rate upon renewal is based on such factors as the loss record (death) of the group and range of employee ages. All employees are insured with group term life insurance. Realistically, coverage is temporary because on termination of employment the employee usually does not convert the group term coverage to individual permanent life insurance, because the conversion is at a higher attained age rate. And, the permanent life insurance costs much more than group term insurance.
What group term is a mob?
what group term is a mob?
What is the term for a group of tortoises?
The term for a group of tortoises is a "creep."
What do the vehicle rating group and liability rating group mean for changes in one's policy premium?
I called my insurance company related to "vehicle rating group". They told me various makes and models are rated by the IRG (Insurance Rating Group) based on their safety statistics, e.g. if a certain make, model and year vehicle is involved in a proportionately higher number of accidents, the comprehensive and collision portion of your rate is increased.
The evaluation of employees and group in an organization is part of which element of performance management?
It is part of rating in performance management. RATING (A+)
What is Moodys rating for Citizens Financial Group Inc?
Aa3
What is the collective term for a group of tortoises?
The collective term for a group of tortoises is a "creep."
What is the term for a group of five keywords?
The term for a group of five keywords is a pentad.
What is the term referring to music record rating lists?
The Charts*
What insurance company provides insurance to diabetics?
Group rating plans.
What term s used for a group of islands?
A group of islands is called an archipelago.
What do you mean by P1 rating in bonds and debentures?
P1" is the highest short-term rating category for Moody's Investor Service. P1 rating are considered to be of high credit quality
