How Well Do You Know Our Voluntary Benefits?

18 Questions

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How Well Do You Know Our Voluntary Benefits?

Every organization has benefits that its employees get to enjoy either based on their position or time they are under the company's employment. Voluntary benefits are offered by employers but are paid entirely or mostly by employees through payroll deferral. As administrators, it is critical that you understand our benefit plans. Test your knowledge before this week's conference call. All the best!


Questions and Answers
  • 1. 
    Life and Disability plans are offered through what vendor?
    • A. 

      Colonial Life

    • B. 

      Prudential

    • C. 

      Aflac

    • D. 

      Cigna

    • E. 

      Ameriflex

  • 2. 
    What is the guaranteed issue for Life insurance for new hires?
    • A. 

      1x Basic Annual Earnings

    • B. 

      2x Basic Annual Earnings

    • C. 

      3x Basic Annual Earnings

    • D. 

      4x Basic Annual Earnings

    • E. 

      5x Basic Annual Earnings

  • 3. 
    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.
    • A. 

      True

    • B. 

      False

  • 4. 
    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.
    • A. 

      True

    • B. 

      False

  • 5. 
    If an associate enrolls in Life and AD&D coverage is the spouse required to elect AD&D?
    • A. 

      Yes

    • B. 

      No

  • 6. 
    By completing the Evidence of Insurability form, does that guarantee that the associate will get the coverage they elected?
    • A. 

      Yes

    • B. 

      No

  • 7. 
    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.
    • A. 

      1

    • B. 

      2

    • C. 

      3

  • 8. 
    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.
    • A. 

      1

    • B. 

      2

    • C. 

      3

  • 9. 
    During open enrollment, how much can an associate increase their spousal life insurance coverage without having to complete an Evidence of Insurability?
    • A. 

      1 unit of $5,000

    • B. 

      2 units of $5,000

    • C. 

      3 units of $5,000

    • D. 

      4 units of $5,000

  • 10. 
    True or False.  Hourly associates can obtain Long Term Disability (LTD) coverage.
    • A. 

      True

    • B. 

      False

  • 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?
    • A. 

      Long Term Disability (LTD)

    • B. 

      Short Term Disability (STD)

    • C. 

      Supplemental Life Insurance

    • D. 

      Supplemental Life Insurance with AD&D Coverage

  • 12. 
    Do pre-existing limitations apply to associates who enroll in Short Term Disability (STD)?
    • A. 

      Yes

    • B. 

      No

  • 13. 
    Class 1 Term Life and Accident Insurance should be given to:
    • A. 

      An Hourly Associate

    • B. 

      A Manager

    • C. 

      An Executive Committee Member

  • 14. 
    Are dependent children covered to the age of 26 for supplemental life insurance?
    • A. 

      Yes

    • B. 

      No

  • 15. 
    Which voluntary benefit can you continue if you leave employment with TPG?
    • A. 

      STD

    • B. 

      LTD

    • C. 

      Supplemental Life Insurance

    • D. 

      All of the above

  • 16. 
    True or False.  Employees must call Cigna to request the portability paperwork if they want to continue coverage.
    • A. 

      True

    • B. 

      False

  • 17. 
    When a covered person reaches 65, his or her benefits for life insurance will be reduced to _____% of the benefit amount.
    • A. 

      90%

    • B. 

      75%

    • C. 

      65%

    • D. 

      This provision does not apply to our plan

  • 18. 
    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.
    • A. 

      5

    • B. 

      7

    • C. 

      10

    • D. 

      14