Life & AD&D
Name 4 Life plans Prudential offers.
What is Basic Life, Optional Term Life, GUL and GVUL
Name 3 STD Plan Types
Fully Insured, ATP, ASO
Partner assigned with each Absence implementation.
Who is an AOS?
True or False: Voluntary Benefits replace health and disability coverage?
False
Name a benefit that is typically employer paid.
What is basic life/basic AD&D?
Name 2 states who offer statutory disability benefits.
New York, New Jersey, CA, HI, Puerto Rico
Included in Level 1 implementations
What is FMLA and State leaves
Frequency Critical Illness benefit is paid
The benefit is paid in a lump sum payment.
Name a product that allows employees to build cash value over time.
What is GUL or GVUL?
Name 2 states that offer Paid Leave Benefits
New York, MA, Connecticut
Included in Level 2 implementations
What is Company paid or unpaid leaves, Jury duty, Military or Bereavement
Can be used to offer financial assistance for hospital expenses.
What is Hospital Indemnity?
Name an example of am optional life benefit.
WOP, Premium Continuance, Salary continuance, ABO
Frequency LTD benefits are paid
What is monthly?
An absence plan can not go live without this item.
What is an eligibility file?
A benefit that might cover you falling off of a tree.
What is Accident?
Explain the difference between portability and conversion.
Portability is buying or continuing the coverage, typically at a higher port rate. Conversion is converting the policy to an individual policy typically after a health review.
True
Benefits of Absence management by Prudential
•One Intake Process
•One Absence Professional is your employee’s single point of contact
•One Claim Number to remember, even if the employee’s absence transitions from STD to LTD
•One Claim System provides real-time access to all STD, Absence, LTD, and Statutory claim data
Person who will be assigned if you have a VB implementation.
What is a VOS?