Which of the following statements regarding group life insurance is CORRECT?
a. Retired lives reserve is an employer-provided group permanent coverage for retired employees.
b. Dependents group life is a separate group policy that offers whole life insurance for the dependents of eligible employees.
c. Group paid-up life is group life coverage consisting of increasing amounts of whole life and decreasing amounts of group-term coverage.
d. Contributory group life is when the employer contributes the entire premium as part of the employee benefit program.