15 Group Insurance plans often offer life insurance coverage for dependents. As long as dependent coverage is added within a certain time frame (such as 60 days), evidence of insurability is not required. After 60 days, evidence of insurability would be required. Why would evidence of insurability be required after 60 days? d out of Select one: a. Contestability b. MTAR 1 o Incontestability d. Anti-selection (also called adverse selection) on 14 Graham bought a life insurance policy with a $1,000,000 face amount (coverage amount). When he bought the policy, he named his best friend, Walter, as irrevocable beneficiary on the policy. Graham dies a few years later. How much will Walter receive? ked dout of 9 100 Select one: a. He will definitely receive $1,000,000 B. The amount he will receive will depend on the type of policy. c. Providing the premiums are totally up to date and the policy is in force, he will definitely receive the face amount of coverage. d. Regardless of the type of policy, the death benefit is always equal to the face value unless the insurer is contesting the claim