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All of the following statements pertaining to the conversion privilege of group term life insurance are correct EXCEPT?
A) An insured employee typically has 31 days following termination of employment in which to convert the group insurance.
B) An insured employee may exercise the conversion privilege regardless of that employee’s insurability.
C) An insured employee must convert to the same type of coverage as was provided under the group plan (that is, term).
D) Insureds who convert their coverage to individual plans pay a premium rate according to their attained age.
Answer: C) An insured employee must convert to the same type of coverage as was provided under the group plan (that is, term).
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