Exam term

Contributory plan

A group plan, life or health, in which members pay part of the premium, usually by payroll deduction. Insurers typically require a minimum participation percentage to guard against adverse selection.

Lessons that use this term

Participating, individual, and group life policies California
Group life insurance conversion and contribution Florida
Group health insurance and COBRA Florida
Group life eligible groups, dependent coverage, and assignment of proceeds Florida
Group life insurance conversion and contribution New York
Group disability income: short-term and long-term disability compared with individual plans New York
Group health insurance and COBRA New York
Group life insurance conversion and contribution Texas
Group health insurance and COBRA Texas