An insured dies during the conversion period of a group life policy. Which amount is payable to the beneficiary?

This option is incorrect because, in the event of the insured's death during the conversion period, the beneficiary is entitled to receive the full face amount of the policy, not a reduced amount that deducts one month's premium. The face amount is the sum assured that the beneficiary receives upon the insured's death.

This choice is inaccurate as well. The beneficiary is eligible to receive the entire face amount specified in the group life policy when the insured dies during the conversion period. Any conversion fee associated with changing the policy to an individual one does not impact the amount payable to the beneficiary in case of the insured's death.

This option is incorrect. The beneficiary is entitled to receive the full face amount of the group life policy if the insured passes away during the conversion period. There is no provision for only paying out 50 percent of the face amount in such circumstances.