Answered

company xyz offers a group term life insurance plan to its employees what does each employee covered

Answer :

Answer: certificate of insurance

The each employee covered is certificate of insurance.

The following information should be considered:

  • A COI is a statement of coverage i.e. issued by the company that insures your business.
  • Normally it is not more than one page, a COI provides a summary of your business coverage.
  • It serves as verification that your business is indeed insured.

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