Insurance Riders True or False
The waiver will begin from the first day of disability
FALSE
Children term rider will add children to parent policy for a limited amount of time and for a specified amount
TRUE
The payer benefit rider can be added to a juvenile policy
TRUE
Guaranteed insurability rider requires evidence of insurability to purchase additional coverage
FALSE
Living needs rider provides funds to pay medical expenses at any time
FALSE
Long term care rider pays part of the death benefit of a life policy before death to help pay for care in nursing or convalescent home. This benefit does not reduce the face amount of the policy
FALSE
Spouse term rider allows the spouse to be added to a policy until age 100
FALSE
The COLA rider will increase but never decrease the face value by a cost of living index
FALSE
Disability income rider forgives the premiums while the insured is disabled
TRUE
Disability income rider pays an additional weekly to monthly benefit to the insured while disabled
TRUE
Guaranteed Insurability rider will allow the insured to purchase additional coverage at specified future dates or events
TRUE
The family term rider incorporates the spousal term rider and the childrens term rider in a single term rider
TRUE
The payer benefit rider will be waive the premium if the payer of the premium dies or becomes disabled
TRUE
Waiver of cost of insurance is used in conjunction with universal life
TRUE
Waiver of premium rider waive the premium while the insured is disabled
TRUE
This childrens term rider will not add coverage for step - children nor legally adopted children
FALSE
Under the accidental death rider, deaths that result from self inflicted injury or war will be covered
FALSE
Waiver of cost of insurance waives the cost of premiums necessary to accumulate cash value
FALSE
The rider that will pay a multiple of the face amount if the insured dies of terminal illness is the accidental death rider
FALSE