How Well Do You Know Our Voluntary Benefits? Quiz Questions!

1. Life and Disability plans are offered through what vendor?

Colonial Life

Prudential

Aflac

Cigna

Ameriflex

2. True or False. Guarantee issue can be defined as the right to purchase insurance without physical examination; the present and past physical condition of the applicant are not considered.

True

False

3. By completing the Evidence of Insurability form, does that guarantee that the associate will get the coverage they elected?

Yes

No

4. Do pre-existing limitations apply to associates who enroll in Short Term Disability (STD)?

Yes

No

Pre-existing conditions are those for which you have incurred expenses, taken prescription drugs medicines, received medical treatment, care or services (including diagnostic measures,) or for which a reasonable person would have consulted a physician during the 12 months immediately prior to the most recent effective date of insurance.

Explanation

Pre-existing conditions are those for which you have incurred expenses, taken prescription drugs medicines, received medical treatment, care or services (including diagnostic measures,) or for which a reasonable person would have consulted a physician during the 12 months immediately prior to the most recent effective date of insurance.

5. Before collecting STD benefits, you must satisfy the elimination period following your date of disability. For our plan, this period is ____ days of continuous disability for accident or sickness.

5

7

10

14

6. True or False. If an associate elects more than $20,000 of Spousal Life insurance they are required to complete an Evidence of Insurability form.

True

False

7. True or False. Hourly associates can obtain Long Term Disability (LTD) coverage.

True

False

8. Are dependent children covered to the age of 26 for supplemental life insurance?

Yes

No

9. Which voluntary benefit can you continue if you leave employment with TPG?

STD

LTD

Supplemental Life Insurance

All of the above

10. Associates who chose not to enroll in Life insurance when hired are allowed to elect __________ times their annual earnings (up to a maximum of $100,000) during open enrollment.

1

2

3

11. Under Cigna's value-added programs which insurance do you need to be enrolled in to get the secure travel program and the identity theft protection?

Long Term Disability (LTD)

Short Term Disability (STD)

Supplemental Life Insurance

Supplemental Life Insurance with AD&D Coverage

12. When a covered person reaches 65, his or her benefits for life insurance will be reduced to _____% of the benefit amount.

90%

75%

65%

This provision does not apply to our plan

When the covered person reaches age 65, his or her benefits will be reduced to 65% of the benefit amount selected; and at age 70, 50%. Coverage for your spouse end when he or she reaches age 70. These reductions also apply if you elect coverage after age 64.

Explanation

When the covered person reaches age 65, his or her benefits will be reduced to 65% of the benefit amount selected; and at age 70, 50%. Coverage for your spouse end when he or she reaches age 70. These reductions also apply if you elect coverage after age 64.

13. What is the guaranteed issue for Life insurance for new hires?

1x Basic Annual Earnings

2x Basic Annual Earnings

3x Basic Annual Earnings

4x Basic Annual Earnings

5x Basic Annual Earnings

14. Class 1 Term Life and Accident Insurance should be given to:

An Hourly Associate

A Manager

An Executive Committee Member

TERM LIFE AND ACCIDENT INSURANCE
Class 1 - Executive Committee Members
Class 2 - Managers
Class 3 - Hourly Associates

Explanation

TERM LIFE AND ACCIDENT INSURANCE
Class 1 - Executive Committee Members
Class 2 - Managers
Class 3 - Hourly Associates

15. True or False. Employees must call Cigna to request the portability paperwork if they want to continue coverage.

True

False

It is the responsibility of HR to provide this information to all associates enrolled in supplemental life insurance as part of the termination process.

Explanation

It is the responsibility of HR to provide this information to all associates enrolled in supplemental life insurance as part of the termination process.

16. Associates who are already enrolled in Life insurance can increase their election up to _______ times their annual earnings (up to a maximum of $100,000) during open enrollment.

1

2

3

17. During open enrollment, how much can an associate increase their spousal life insurance coverage without having to complete an Evidence of Insurability?

1 unit of $5,000

2 units of $5,000

3 units of $5,000

4 units of $5,000

18. If an associate enrolls in Life and AD&D coverage is the spouse required to elect AD&D?

Yes

No