Which of the following is a standard provision of the conversion privileges in a Group Life policy?

The correct answer highlights a fundamental aspect of the conversion privileges in a Group Life policy. When a policyholder transitions from a group life insurance plan to an individual policy, they typically do so at regular rates based on their attained age. This means that the premiums for the new individual policy are calculated according to the age of the insured at the time of conversion. This is a standard provision designed to maintain fair premium pricing that reflects the increased risk associated with age.

By allowing individuals to convert their group coverage to an individual policy without additional health qualifications, the provision signifies a crucial benefit — it ensures that those covered by the group plan can secure personal coverage even if their health has declined. This feature enhances the accessibility of insurance protection for former group plan participants, promoting financial security regardless of their current health status.

Other options either misrepresent the nature of conversion privileges or introduce elements that are not standard provisions within Group Life policies, such as tax implications related to annuities, or stipulating conditions that are not generally part of the conversion process. This reinforces the clear understanding that the ability to convert coverage based on attained age without health assessments is a defining characteristic of Group Life insurance conversions.