Unit 5 Checkpoint Exam

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all of the following events would qualify the insured to receive an accelerated death benefit payment EXCEPT A) a disability B) hospice care C) a terminal illness D) a serious illness such as cancer

A

all of the following are riders that affect the amount of a death benefit EXCEPT A) the disability income rider B) the cost of living rider C) the accidental death rider D) the return of premium rider

A

all of the following statements about the disability income rider are correct EXCEPT A) cash values continue to build during the times that premiums are waived B) during the time that premiums are waived, the policy is not in force C) if the insured dies, the beneficiary receives face value of the policy D) the rider provides the insured with a monthly check if he becomes disabled

B

with the waiver of premium rider, the insured must be unable to work for a certain period called.. A) elimination B) waiting C) disability D) blackout

B

Allison has a guaranteed insurability rider attached to her permanent policy. Which of the specified intervals can she purchase additional life insurance without having to provide evidence of insurability A) 2-year B) 10-year C) 3-year D) 5-year

C

all of the following are possible options for term insurance riders EXCEPT A) decreasing B) increasing C) permanent D) level

C

a family rider covers A) only the insured's children B) the insured's living parents C) only the insured's spouse D) both the insured's spouse and children

D

all of the following are disability riders EXCEPT A) waiver of premium rider B) disability income rider C) payor rider D) accelerated benefits rider

D

which of the following causes of death is NOT excluded from coverage under the accidental death benefit rider A) an act of war B) a disability C) an illness D) an accident

D


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