Life Insurance✓ Verified · outline & fact-checked · Sep 2026Difficulty 1/5
In group life insurance, the employer receives the group contract and each covered employee receives a document that summarizes the coverage. These documents are respectively called the:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The group life insurance contract is issued to the policyholder (typically the employer) as a master policy. Each insured employee receives a certificate of insurance, which summarizes the employee's coverage, benefits, and conditions. The certificate is evidence of coverage but is not the contract itself; the master policy governs the relationship and contains the full terms. If a certificate differs from the master policy, the master policy controls.
Why the other options are wrong
- B) The delivery receipt is a signature document confirming policy delivery in individual sales, not a group coverage summary.
- C) The application is the request for coverage, and binders are not used in life insurance.
- D) An indemnity agreement is a generic contract term; group life uses master policy and certificate terminology.
Memory hook
Group = one master contract for the boss, certificates for the team. The master policy is the law of the plan.