Which of the following statements regarding group life insurance is CORRECT?

A)

Group paid-up life is group life coverage consisting of increasing amounts of whole life and decreasing amounts of group-term coverage.

B)

Dependents group life is a separate group policy that offers whole life insurance for the dependents of eligible employees.

C)

Contributory group life is when the employer contributes the entire premium as part of the employee benefit program.

D)

Retired lives reserve is an employer-provided group permanent coverage for retired employees.