Life Policy Riders

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Cost of Living Rider

A long stretch of national economic hardship causes a 7% rate of inflation. A policyowner notices that the face value of her life insurance policy has been raised 7% as a result. Which policy rider caused this change?

Accelerated Benefit provision.

A provision in a life insurance policy that provides for the early payment of some portion of the policy face amount should the insured suffer from a terminal illness or injury is called

Cost of living rider.

A rider that may be attached to a life insurance policy that will adjust the face amount based upon a specific index, such as the Consumer Price Index, is called

Provide enough business to solicit long-term care insurance.

All of the following are the responsibilities of every long-term care insurer in California EXCEPT

This rider is available to all insureds with no additional premium.

All of the following are true regarding the guaranteed insurability rider EXCEPT

Waiver of premium.

The rider in a whole life policy that allows the company to forgo collecting the premium if the insured is disabled is called

$100,000

The insured under a $100,000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident. It was determined that the accident was his fault. The triple indemnity rider in the policy specifies that the death must not be contributed to by the insured in any manner. In this case, what will the policy beneficiary receive?

Sales techniques and overcoming client objectives in the purchase of long-term care insurance.

All of the following topics may be included in the continuing education requirement for long-term care insurance EXCEPT

It will pay double or triple the face amount.

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

Guaranteed insurability option

An individual is purchasing a permanent life insurance policy with a face value of $25,000. While this is all the insurance that he can afford at this time, he wants to be sure that additional coverage will be available in the future. Which of the following options should be included in the policy?

$200,000

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, and after 10 weeks of hospitalization, died from the injuries. What amount would his beneficiary receive as a settlement?

It will decrease the benefits paid to the beneficiary.

Which of the following statements best describes the effect the Accelerated Benefit provision would have on the benefits paid to the beneficiary?


संबंधित स्टडी सेट्स

Ch. 15 Benzene and Aromatic Compounds

View Set

Chapter 4: Managing ethics and social responsibility

View Set

Health Online- Nutrition and Physical Activity- Physical Fitness and Health

View Set

Ch. 17 review Sections 1, 4, and 5

View Set

Welcome to Section 5, Financing Documents

View Set

ch.2 -Suffixes-Suffixes That Pertain to Pathological Conditions

View Set

Chapter 18 Meghan Provenzano, Chapter 18, 17

View Set

Taxes Vocabulary - Payroll Taxes

View Set

Antepartum NCLEX style questions Module 6 Chapter 4

View Set