Question

In a group life policy, an insured's dependent spouse and children may be covered up to what percentage of the amount of insurance for which the employee is insured?

Answer 1

In a group life policy, the dependent spouse and children of the insured may be covered up to a certain percentage of the employee's insurance amount. The specific percentage can vary depending on the policy and company.

Step-by-step explanation:

In a group life policy, an insured's dependent spouse and children may be covered up to a certain percentage of the amount of insurance for which the employee is insured. The specific percentage can vary depending on the policy and the insurance company.

For example, let's say an employee has a group life insurance policy with a coverage amount of $500,000. The policy may offer coverage of up to 50% for the insured's dependent spouse and children. In this case, the spouse and children would be eligible for coverage of up to $250,000.

It's important to review the terms and conditions of a specific group life insurance policy to determine the exact coverage percentage for dependents.