New Jersey Life Insurance Exam Practice Question
For evidence of coverage, an individual who is enrolled under a Group Life policy is given a
Correct Answer: A
Rationale: Individuals enrolled in a Group Life policy receive a certificate of insurance, which serves as proof of coverage and outlines the benefits provided. This document is specifically tailored for group plans and confirms the insured's participation.
Option B, a policy summary, typically provides an overview of the policy's key features but is not issued to individuals in group plans. Option C, a buyer’s guide, is intended for consumers purchasing individual policies and does not apply to group coverage. Option D, a replacement notice, is relevant when replacing an existing policy, not for confirming coverage under a group plan.
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