Policy Riders, Provisions, Options, and Exclusions
An insured with an accidental death and dismemberment rider loses the sight of both eyes in a covered accident. What does the rider ordinarily provide?
Answer and explanation
Answer: D. An AD&D rider pays the principal sum on accidental death and a capital sum, typically a stated fraction or multiple, for specified severe losses such as sight of both eyes or two limbs, while the insured lives.Source: NAIC Life Insurance Buyer's Guide — Riders: accidental death and dismemberment benefits
More policy riders, provisions, options, and exclusions questions
- The insured is not the owner of a cash-value life policy. The insured asks to take a policy loan without the owner's authorization. Which response best reflects the parties' roles?
- The insured's age was misstated on a flexible-premium life application. When discovered, how should the provision generally respond?
- Under standard individual life policy provisions, what is the maximum initial suicide exclusion period permitted under IIPRC compact standards?
- Under the entire contract provision, what elements constitute the legal agreement between the owner and insurer?
- Under the Uniform Simultaneous Death Act, if the insured and primary beneficiary die in a common accident and evidence cannot prove who died first, how are proceeds distributed?
- What benefit does a return of premium (ROP) term rider provide if the insured survives to the end of the term?
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