What is a common feature of Group Life Insurance regarding coverage provisions?

The correct answer highlights a common provision related to Group Life Insurance plans, which typically allows for a conversion option for participants when they leave the group. This provision states that members who are covered under a group plan have the right to convert their group life insurance policy into an individual policy without having to provide evidence of insurability, usually within a specified timeframe—commonly 60 days.

Group Life Insurance is designed to provide coverage to a group of people, commonly employees under a single employer, and generally features certain standardized rules for administration. The limitations on the amount of coverage that any one individual can receive are in place to prevent disproportionately high payouts to single individuals that would not reflect the risk pool of the group. This helps maintain the insurance principle of spreading risk evenly among many members in the group.

As for the other options, they don't align with the standard provisions of Group Life Insurance. For example, the option about allowing changes at any time without restrictions does not account for the typical structured policies governing the plan. The provision mentioning that coverage is only for immediate family members misrepresents how group plans function, as they aim to provide coverage to active members of the group rather than only their family members. Finally, while conversion is indeed a key feature,