How Well Do You Know Our Voluntary Benefits? Quiz Questions!
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!
- 1.
Life and Disability plans are offered through what vendor?
- A.
Colonial Life
- B.
Prudential
- C.
Aflac
- D.
Cigna
- E.
Ameriflex
Correct Answer
D. Cigna -
- 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
Correct Answer
C. 3x 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
Correct Answer
A. True -
- 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
Correct Answer
A. True -
- 5.
If an associate enrolls in Life and AD&D coverage is the spouse required to elect AD&D?
- A.
Yes
- B.
No
Correct Answer
A. Yes -
- 6.
By completing the Evidence of Insurability form, does that guarantee that the associate will get the coverage they elected?
- A.
Yes
- B.
No
Correct Answer
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
Correct Answer
A. 1 -
- 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
Correct Answer
A. 1 -
- 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
Correct Answer
B. 2 units of $5,000 -
- 10.
True or False. Hourly associates can obtain Long Term Disability (LTD) coverage.
- A.
True
- B.
False
Correct Answer
A. True -
- 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
Correct Answer
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
Correct Answer
A. YesExplanation
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.Rate this question:
-
- 13.
Class 1 Term Life and Accident Insurance should be given to:
- A.
An Hourly Associate
- B.
A Manager
- C.
An Executive Committee Member
Correct Answer
C. An Executive Committee MemberExplanation
TERM LIFE AND ACCIDENT INSURANCE
Class 1 - Executive Committee Members
Class 2 - Managers
Class 3 - Hourly AssociatesRate this question:
-
- 14.
Are dependent children covered to the age of 26 for supplemental life insurance?
- A.
Yes
- B.
No
Correct Answer
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
Correct Answer
C. Supplemental Life Insurance -
- 16.
True or False. Employees must call Cigna to request the portability paperwork if they want to continue coverage.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
It is the responsibility of HR to provide this information to all associates enrolled in supplemental life insurance as part of the termination process.Rate this question:
-
- 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
Correct Answer
C. 65%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.Rate this question:
-
- 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
Correct Answer
D. 14 -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Jun 25, 2012Quiz Created by
Jzullo
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