An employee quits his job and converts his group policy to an
individual policy; the premium for the individual policy will be
based on his
A O Experience Rating.
BO Group rate.
CO Insurer's scheduled rate.
D O Attained age.

Question

cheyball2020 cheyball2020

17-03-2022
Business

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An employee quits his job and converts his group policy to an
individual policy; the premium for the individual policy will be
based on his
A O Experience Rating.
BO Group rate.
CO Insurer's scheduled rate.
D O Attained age.

Respuesta :

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Parrain Parrain · Answer 1 · 2022-03-21T10:14:36+01:00

When an employee quits their job and converts to an individual policy, the premium will be based on D. Attained age.

What will the premium be based on?

When the premium is changed from a group policy to an individual one, the attained age will be used to consider the premium.

This attained age shows the age of the policy at which the individual can withdraw funds. The premium will be more depending on how high the attained age is.

In conclusion, option D is correct.

Find out more on employee benefits at https://brainly.com/question/12143528.

An employee quits his job and converts his group policy to an individual policy; the premium for the individual policy will be based on his A O Experience Rating. BO Group rate. CO Insurer's scheduled rate. D O Attained age.

Respuesta :

What will the premium be based on?

Otras preguntas

An employee quits his job and converts his group policy to an
individual policy; the premium for the individual policy will be
based on his
A O Experience Rating.
BO Group rate.
CO Insurer's scheduled rate.
D O Attained age.