Policy Riders, Provisions, Options, and Exclusions
A policyowner wants disability protection on a flexible-premium universal life policy. Which rider most directly addresses the policy's recurring mortality charge?
Answer and explanation
Answer: D. For flexible-premium universal life, a waiver of mortality deduction charges operates like a waiver of premium but applies to the policy's mortality deductions. The other riders address different risks or benefits.Source: New York State Department of Financial Services — Life Insurance Information for Consumers — Optional Riders & Supplemental Benefits > Waiver of Mortality Deduction Charges
More policy riders, provisions, options, and exclusions questions
- What does an accidental death benefit rider generally provide when the insured dies from a covered accident?
- What does reinstatement do to an eligible lapsed life policy?
- What dual protection does a disability income rider provide when attached to a life insurance policy?
- What element of consideration does the insurance company bring to a life insurance contract?
- What expense is a long-term care insurance feature intended to cover?
- What happens to life insurance proceeds if the primary beneficiary predeceases the insured, and a contingent beneficiary is named?
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