Master policy

Receipt of Coverage

Individual policy

Certificate of Insurance

$125,000 individual whole life policy

$25,000 modified whole life policy

$25,000 individual term life policy

$25,000 individual whole life policy

Certificate

Receipt of coverage

Master policy

Individual policy

Contributory plan

Non- contributory plan

Qualified plan

Non-qualified plan

Employee must convert group term life coverage into an individual term life policy

Employee must provide evidence of insurability for conversion

Policy proceeds will be paid if the employees die during the conversion period

Policy proceeds will NOT be paid if the employee dies during the conversion period

Physical examinations are required

Everyone must be covered in the group

Employer must pay for the entire premium

The group must be formed for the purpose of getting affordable insurance

Group was formed for the purpose other than acquiring insurance

Group must establish a President

Group must have at least 10 Members

Group was formed for the purpose of acquiring insurance