Quiz

All of the following statements concerning dividends are true EXCEPT

Dividend amounts are guaranteed in the policy.

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

The accelerated benefits provision will provide for an early payment of the death benefit when the insured

Becomes terminally ill.

Which of the following is true of a children's rider added to an insured's permanent life insurance policy?

It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age.

A rider attached to a life insurance policy that provides coverage on the insured's family members is called the

Other-insured rider.