Policy Riders, Provisions, Options, and Exclusions
An owner adds a spouse term rider to a base whole life policy. How is coverage structured for the spouse?
Answer and explanation
Answer: B. Spouse term riders provide temporary term insurance on the primary insured's spouse attached to the base contract.Source: NAIC Life Insurance Guide — PDF page 6, Family Riders
More policy riders, provisions, options, and exclusions questions
- An accidental death benefit (double indemnity) rider pays an additional death benefit under what circumstance?
- An applicant discloses private-pilot activity during underwriting. How may an approved policy address that identified aviation risk?
- An applicant discloses work as a demolition blaster, and underwriting approves the policy with an occupation exclusion. Which provision is consistent with official life policy standards?
- An elected automatic premium loan provision is triggered, but available cash surrender value is less than the required loan plus interest. Which limitation applies?
- An insured and beneficiary die in quick succession, and the policy does not supply a different survival rule. What issue does a simultaneous-death rule resolve?
- An insured dies by suicide during the policy's valid initial suicide exclusion period. What minimum settlement does the Compact standard require?
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