Tennessee Insurance Practice Exam

What does each employee covered under a group Term Life insurance plan receive?

1. Policy booklet

2. Certificate of insurance

3. Annual benefit statement

4. Claims filing instructions

The correct answer is: Certificate of insurance

Each employee covered under a group Term Life insurance plan receives a certificate of insurance. This certificate serves as proof of coverage and details the benefits provided by the insurance policy. It outlines important information such as the amount of coverage, the terms of the policy, and any rights or responsibilities of the insured. While policy booklets, annual benefit statements, and claims filing instructions may be provided as additional resources, the certificate of insurance is the primary document that confirms coverage for each employee. It is personalized to the individual and signifies the protection they have under the group plan. Understanding this document is crucial for employees to know what benefits are available to them and ensures they are aware of their insurance status.