The term used to describe a statement of an insured's policy benefits used in marketing materials is

• A. Endorsement
• B. Testimony
• C. Rider
• D. Prospectus

Answer: (B)

Marketing materials sometimes include a statement from a policyholder about the benefits they’ve received. That kind of statement is a testimonial, a personal account of benefits or experiences with the policy. It’s different from an endorsement (public support from the insurer or another party), a rider (an added feature to the policy), or a prospectus (a formal disclosure document about investment products). So the term describing an insured’s stated policy benefits used in marketing is testimony, i.e., a testimonial. In practice, testimonials should be truthful and not misleading, with appropriate disclosures as required.