Unit 5: Life Insurance Riders

$50,000

Jay has a $50,000 life insurance policy with an accidental death benefit that pays triple the face amount. If Jay commits suicide 3 years after purchasing the policy, how much will his beneficiary receive?

$25,000

Josie has been totally disabled for 2 years. During that time, the insurance company has paid all premiums (a total of $1,200) on her $25,000 life policy, which has a waiver of premium clause. If Josie dies now, the insurance company will pay a death benefit of

a family term rider

A rider on a whole life policy that adds temporary coverage for a spouse and children is called

the death benefit on the base life insurance policy

An accidental death and dismemberment (AD&D) policy rider's principal sum is equal to

totally disabled

For a waiver of premium rider to become operative, the insured must be

$25,000 because this death was not due to an accident. If it were because of a fatal accidental injury, it would double

The insured in a $25,000 life policy died of a heart attack. Since the policy has double indemnity provision, the policy beneficiary received

juvenile policies

The payor benefit option or rider is typically used with

Return-of-premium policy

Upon the insured's death, which of the following policies will pay the face amount of the policy plus a sum equal to all or a portion of the premiums paid?