Employee benefits play an important role in the personal risk management programs of workers and their families. The various benefits provide considerable economic security to employees and their families.

Explain the basic underwriting principles followed in group insurance.

Describe the basic characteristics of group term life insurance plans.

Describe the major characteristics of the following managed care plans:

- Health maintenance organizations (HMOs)

- Preferred provider organizations (PPOs)

- Point-of-service plans (POS)