1
Certificate of InsuranceGLOSSARY
A document provided to a covered group member describing coverage under the master policy.
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Chapter 6
KEYWORDS | TỪ KHÓA
Prior to reading this chapter, please review the following keywords. An understanding of their basic definitions will improve your comprehension of the chapter content.
Group Life Insurance2
Contributory PlanGLOSSARY
A group insurance plan in which covered employees share in the cost of coverage.
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3
Conversion PrivilegeGLOSSARY
The right to convert qualifying group life coverage to an individual policy without new evidence of insurability if the conversion requirements are met timely.
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4
Dependent CoverageGLOSSARY
Group life coverage that may be provided for eligible spouses or children according to plan terms and applicable law.
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5
Eligibility PeriodGLOSSARY
The time or conditions an employee must satisfy before becoming eligible for group coverage.
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6
Evidence of InsurabilityGLOSSARY
Information used by an insurer to determine whether an applicant or insured meets underwriting requirements.
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7
Group Life InsuranceGLOSSARY
Life insurance issued to cover eligible members of a defined group under a master policy.
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8
Group Term Life InsuranceGLOSSARY
Term life insurance provided under a group plan, often through an employer.
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9
Master PolicyGLOSSARY
The group insurance contract held by the policyholder, often an employer.
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10
Noncontributory PlanGLOSSARY
A group insurance plan in which the employer pays the full cost of covered employees’ insurance.
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11
Participation RequirementGLOSSARY
A plan rule describing the level of eligible employee participation needed for group coverage.
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12
Probationary PeriodGLOSSARY
A waiting period that may apply before an employee becomes eligible for group insurance benefits.
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🧠 QUICK MEMORY TIPS | MẸO HỌC NHANH
Study Smarter!1
Certificate of InsuranceA document provided to a covered group member describing coverage…
2
Contributory PlanA group insurance plan in which covered employees share in…
3
Conversion PrivilegeThe right to convert qualifying group life coverage to an…
4
Dependent CoverageGroup life coverage that may be provided for eligible spouses…
5
Eligibility PeriodThe time or conditions an employee must satisfy before becoming…
6
Evidence of InsurabilityInformation used by an insurer to determine whether an applicant…
7
Group Life InsuranceLife insurance issued to cover eligible members of a defined…
8
Group Term Life InsuranceTerm life insurance provided under a group plan, often through…
9
Master PolicyThe group insurance contract held by the policyholder, often an…
10
Noncontributory PlanA group insurance plan in which the employer pays the…
11
Participation RequirementA plan rule describing the level of eligible employee participation…
12
Probationary PeriodA waiting period that may apply before an employee becomes…