Policy Riders, Provisions, Options, and Exclusions
Qualifying events for accelerated death benefits under Texas regulation include which condition?
Answer and explanation
Answer: D. Texas rules define qualifying events to include terminal illness, medical intervention, or chronic care requirements.Source: 28 TAC § 3.4302 / TDI Regulations — Customizing your policy > Accelerated Benefits
More policy riders, provisions, options, and exclusions questions
- A policy insures Jordan's life, but Casey is the policyowner. Who generally controls beneficiary designations and permitted policy changes?
- A policy names one primary beneficiary and one contingent beneficiary. The primary beneficiary dies before the insured, but the contingent beneficiary survives the insured. Who receives the proceeds under the usual designation?
- A policyowner compares a cash-value withdrawal with a policy loan. Which distinction is generally accurate?
- A policyowner exercises a long-term care rider on a life policy and receives benefits. What is the effect on the policy's death benefit?
- A policyowner wants a lender to receive enough death proceeds to satisfy a loan balance. Which policy action may accomplish this?
- A policyowner wants disability protection on a flexible-premium universal life policy. Which rider most directly addresses the policy's recurring mortality charge?
590 Texas questions like this one.
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