State RegulationsFL specificDifficulty 1/5
What is the basic purpose of employee life coverage offered through a Florida workplace group plan?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Chapter 627, Florida Statutes, employee life coverage is group life insurance the employer makes available to its workforce, designed to give employees' families death benefit protection as an employee benefit. Key-person coverage indemnifies the employer and is a different concept, while retirement funding and disability income are served by other products entirely.
Why the other options are wrong
- A) Key-person coverage protects the employer from business loss; employee life protects the employee's family.
- B) Retirement obligations are funded by pension plans, not employee life coverage.
- C) Disability income is a separate health-related benefit, not the purpose of employee life coverage.
Memory hook
Employee life = family protection as a perk, not employer protection.