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TECHNICAL GUIDE Excepted Group Life policy Because everyone needs a back-up plan UNM.co.UK Technical Guide Excepted Group Life policy Product Overview Contents This policy provides a lump sum benefit

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What is excepted group life policy?

Excepted group life policy is a type of life insurance policy that is exempt from certain regulations under the Employee Retirement Income Security Act (ERISA), which provides benefits to employees.

Who is required to file excepted group life policy?

The employer or plan sponsor is required to file the excepted group life policy with the appropriate authorities.

How to fill out excepted group life policy?

To fill out an excepted group life policy, you need to gather relevant information such as employee details, coverage amounts, and beneficiary information. Then, you can complete the policy form provided by the insurance company.

What is the purpose of excepted group life policy?

The purpose of an excepted group life policy is to provide life insurance coverage to a group of employees or members. It helps protect their beneficiaries in the event of the member's death.

What information must be reported on excepted group life policy?

The information that must be reported on an excepted group life policy typically includes the names and details of covered employees, coverage amounts, policy effective dates, and beneficiary information.

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