life insurance policy riders

The insured had his wife named as the beneficiary of his life insurance policy. To ensure that his wife had income for life after the insured death he chose the life income settlement option. The amount of payments will be determined by taking into account all of the following except

The insureds age at death

All of the following are TRUE statements regarding the accumulation at interest option EXCEPT

The interest is not taxable since it remains inside the insurance policy

Items stipulated in the contract that the insurer will not provide coverage for are found in the

A Exclusions clause.

Under which of the following circumstances would an insurer pay accelerated benefits?

B An insured is diagnosed with cancer and needs help paying for her medical treatment.

An insured purchased a life policy in 2010 and died in 2017. The insurance company discovers at that time that the insured had concealed information during the application process. What can they do?

Pay the death benefit

A couple owns a life insurance policy with a children's term rider. Their daughter is reaching the max age of dependent coverage so she will have to convert to permanent insurance in the near future. Which will she need to provide for proof of insurability

Proof of insurability is not required

The interest earned on policy dividends is

Taxable

Children's riders attached to whole life policies are usually issued as what type of insurance?

Term

the paid up addition option uses the dividend

To purchase a smaller amount of the same type of insurance as the original policy

An insured purchased a 15-year level term life insurance policy with a face amount of $100,000. The policy contained an accidental death rider, offering a double indemnity benefit. The insured was severely injured in an auto accident, after 10 weeks of hospitalization, died from the injuries. What would his beneficiary receive as a settlement?

$200,000

Which of the following named beneficiaries would not be able to receive the death benefit directly from the insurer in the event of the insureds' death?

A minor son of the insured

A father purchases a life insurance policy on his teenage daughter and adds the Payor Benefit rider. In which of the following scenarios will the rider waive the payment of premium?

B If the father is disabled for more than 6 months

Which of the following statements is TRUE concerning the Accidental Death Rider?

It will pay double or triple the face amount

what is the other term for the cash payment settlement option?

lump sum

an insured will be allowed to reactivate her lapsed life insurance policy if action is taken within a certain period of time, and proof of insurability is provided. which policy provision allows this?

reinstatement provision