Module 2

Question 1

benefits paid for death or dismemberment as a

result of an accident

Answer 1

Accidental death & dismemberment benefit

Question 2

Coverage on and off the job

Answer 2

24‐hour coverage

Question 3

Coverage excludes workplace accidents

Answer 3

Nonoccupational coverage

Question 4

Death resulting from an accident and was

unintended and unexpected

Answer 4

Accidental death

Question 5

Outline of the amount payable for each specific

type of loss

Answer 5

Table of losses

Question 6

For AD&D, the benefit amount payable when a

plan member’s death results from accident

Answer 6

Principal sum

Question 7

Benefit in addition to those paid for loss of life or

dismemberment like repatriation & rehabilitation

Answer 7

Ancillary (Optional) AD&D benefits

Question 8

Plan member’s spouse, parent, grandparent,

child over 18, or sibling

Answer 8

immediate family member

Question 9

The limit applied to the combination of basic

and voluntary amounts of coverage

Answer 9

Combined maximum

Question 10

Limits the amount payable when numerous plan

members are involved in the same accident

Answer 10

Aggregate limit

Question 11

Naming of the beneficiary that will receive the death benefit

Answer 11

Beneficiary designation

Question 12

A payout to cover final expenses

Answer 12

Facility of payment provision

Question 13

Lump sum, on deposit with interest, or installment payments

Answer 13

Benefit settlement method

Question 14

Cashing in a portion of the value of life insurance
when the insured is diagnosed with a terminal
illness and death is imminent

Answer 14

Living benefits

Question 15

Coverage continues for a disabled plan member

without the payment of premiums

Answer 15

Waiver‐of‐premium provision

Question 16

Contract can be terminated if premiums are not
paid within the grace period, or with adequate
written notice

Answer 16

Termination provision

Question 17

Upon termination of coverage, ability to convert
group life to an individual policy without medical
evidence

Answer 17

Conversion option

Question 18

A provision that prevents the insurer from
voiding coverage due to a misstatement by the
sponsor or insured after a specific amount of
time has passed.

Answer 18

Incontestability

Question 19

Provisions to address when an insured has

understated or overstate their age

Answer 19

Misstatement of age provision

Question 20

If a beneficiary is found to have murdered the
insured, proceeds will be payable to the estate
and not the beneficiary

Answer 20

Criminal act exclusion

Question 21

Paying regular group life premiums each year

until a retiree’s death

Answer 21

Current cost funding

Question 22

A lump sum payment to an insurer to transfer the

liability of the retiree’s death

Answer 22

Single premium paid‐up funding

Question 23

Paying for the cost of retiree life insurance over a

specific period of time (eg. 5 ‐10 years)

Answer 23

Installment funding

Question 24

Lump sum payment to an insured that has been
diagnosed with a covered life‐threatening illness
and survived for a specific period

Answer 24

Critical illness insurance benefits