Tennessee Life Producer Practice Exam

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

1. Policy Document

2. Certificate of Insurance

3. Insurance Card

4. Enrollment Form

The correct answer is: Certificate of Insurance

Each employee covered under a group term life insurance plan receives a Certificate of Insurance. This document serves as proof of coverage for the individual employee and details the specific benefits they are entitled to under the group policy. It summarizes key information such as the amount of the death benefit, the terms of the coverage, and any conditions that may apply. Unlike a policy document, which is issued to the employer and outlines the group plan as a whole, the Certificate of Insurance is personalized for each covered employee. It provides essential information regarding their specific coverage without delving into the full policy details. While policy documents, insurance cards, and enrollment forms serve important functions in the insurance process, the Certificate of Insurance is specifically designed to communicate the details relevant to each participant in the group life insurance plan.