Life and accident insurance is almost always included in benefit plans. Which of the following statements relating to life and accident insurance is NOT true?
A) Often a spouse or partner may be included under the coverage.
B) Coverage amounts may be increased at the employee's expense, or on a cost-sharing basis.
C) Often the coverage is based on a multiple of the employee's annual salary.
D) Recent changes to the tax code have made group life insurance products much more tax-friendly to employees.
Correct Answer:
Verified
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