In group life insurance arrangements, what documents define the coverage for participants?

• A. Master contract and certificate of coverage
• B. Beneficiary designation
• C. Individual policy and rider
• D. Policy schedule

Answer: (A)

In group life insurance, coverage for participants is defined by two documents: the master policy and the certificate of coverage. The master policy lays out the overall plan terms for the group—eligibility, how benefits are calculated, premium structure, and plan features for the entire group. The certificate of coverage, issued to each participant, serves as their evidence of coverage and specifies the individual coverage amount, any limitations, and the terms that apply to them. A beneficiary designation matters for who gets the proceeds, but it doesn’t define what is covered. In a typical group arrangement there isn’t an individual policy for each person with separate riders; there’s a single master policy with participant certificates. The policy schedule supports the policy terms but doesn’t by itself define each participant’s coverage.