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Which of the following statements regarding group life insurance is CORRECT? A) Retired lives reserve is an employer-provided group permanent coverage for retired employees. B)

Which of the following statements regarding group life insurance is CORRECT? A) Retired lives reserve is an employer-provided group permanent coverage for retired employees. B) Dependents group life is a separate group policy that offers whole life insurance for the dependents of eligible employees. C) Group paid-up life is group life coverage consisting of increasing amounts of whole life and decreasing amounts of group-term coverage. D) Contributory group life is when the employer contributes the entire premium as part of the employee benefit program.

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