Questions: Question 49 of 75 Vision, Inc. employs 500 people. The company offers group life insurance to its employees after 90 days of service. Who is considered the policyholder of the life insurance policies Vision, Inc. offers? A. The beneficiaries of the insurance policies B. Vision, Inc. C. Each individual employee D. The insurance company

Question 49 of 75
Vision, Inc. employs 500 people. The company offers group life insurance to its employees after 90 days of service. Who is considered the policyholder of the life insurance policies Vision, Inc. offers?
A. The beneficiaries of the insurance policies
B. Vision, Inc.
C. Each individual employee
D. The insurance company
Transcript text: Question 49 of 75 Vision, Inc. employs 500 people. The company offers group life insurance to its employees after 90 days of service. Who is considered the policyholder of the life insurance policies Vision, Inc. offers? A. The beneficiaries of the insurance policies B. Vision, Inc. C. Each individual employee D. The insurance company
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Solution

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Answer

The answer is B. Vision, Inc.

Explanation
Option A: The beneficiaries of the insurance policies

The beneficiaries are the individuals designated to receive the benefits of the life insurance policy upon the death of the insured. They are not the policyholders.

Option B: Vision, Inc.

In a group life insurance policy, the employer (in this case, Vision, Inc.) is typically the policyholder. The employer holds the master policy and offers coverage to its employees as part of their benefits package.

Option C: Each individual employee

While employees are the insured individuals under the group policy, they are not the policyholders. They receive certificates of insurance as proof of coverage.

Option D: The insurance company

The insurance company is the provider of the insurance policy, not the policyholder. The policyholder is the entity that owns the policy, which in this case is Vision, Inc.

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