Which of the following statements about group accidental death and dismemberment (AD&D)insurance is (are)true?
I.The principal sum is paid if the employee dies in an accident.
II.The employer usually pays at least 50 percent of the cost of voluntary AD&D coverage.

Question

Quizplus · Accepted Answer

The principal sum is indeed paid if the employee dies in an accident under group AD&D insurance. However, the employer typically does not pay for voluntary AD&D coverage; it is usually fully paid by the employee.

Which of the Following Statements About Group Accidental Death and Dismemberment