Your question: Which of these life insurance riders allows the applicant to have excess coverage?

Which of these life insurance riders allows the applicant?

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Which life insurance rider allows an applicant to have access to coverage? Term rider
additional coverage could be added to a policy by adding a decreasing term rider
genuinelly added to a life insurance policy to cover a juvenile on i life insurance policy payor clause benefit clause

Which life insurance rider allows for the purchase of additional cash value life coverage for the named insured?

The Guaranteed Insurability Rider (GIR) permits the insured to buy additional amounts of life insurance coverage at specific points in time in the future, as specified in the policy, without proof of insurability.

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Which of the following life insurance policies allows the policyowner to take out a loan from the policies cash value?

Automatic Premium Loan (APL) Provision: A permanent life insurance policy non-forfeiture provision that allows an insurer to automatically pay an overdue premium for a policyowner by making a loan against the policy’s cash value as long as the cash value equals or exceeds the amount of the premium due.

Which of these types of life insurance allows the policyowner?

Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? A life insurance policy that has a level premium but allows the policyowner to choose from a selection of investment options is known as Variable Life.

What type of life insurance gives the greatest amount of coverage for a limited period of time?

covers an insured’s whole life with level premiums paid over a limited time is (15)Term life insurance gives you the best life protection coverage for period of time at It’s a great solution for people with temporary needs or a limited budget.

What is a rider in insurance?

A rider is an extra protection added to an insurance policy in exchange for paying a higher premium to an insurer.

Which type of life insurance policy allows a policyowner the choice of investments?

Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? A life insurance policy that has a level premium but allows the policyowner to choose from a selection of investment options is known as Variable Life.

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Which life insurance rider typically appears on a juvenile life insurance policy?

Which life insurance rider typically appears on a Juvenile life insurance policy? A payor benefit rider provides for waiver of premium if the adult-payor of the policy dies or becomes totally disabled.

What is additional insured rider?

An Additional Insured Rider (AIR) covers an additional insurance person on your life policy. The AIR usually has a minimum death benefit amount, which can’t exceed the base face amount of the primary insured. In other words, the additionally insured person can’t have more life insurance than the primary insured.

What is additional life insurance rider?

An additional life insurance rider allows the policyowner to purchase additional participating paid-up insurance for an additional premium (called paid-up additions) that increases the death benefit and accelerates the cash value growth, of an insurance policy.

What kind of rider is benefit Access rider?

The BenefitAccess Rider is an optional rider that accelerates the life insurance death benefit when the insured is terminally ill or is chronically ill and otherwise meets the terms of the rider. It is not Long-Term Care (LTC) insurance. Benefits received under the rider will reduce and may deplete the death benefit.

Which life insurance policy allows the policyowner to have coverage equal to the net death benefit of the lapsed policy?

Extended-Term Insurance

Choosing the nonforfeiture extended term option allows the policy owner to use the cash value to purchase a term insurance policy with a death benefit equal to that of the original whole-life policy. The policy is calculated from the insured’s attained age.

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What is a juvenile life insurance policy?

Juvenile life insurance is permanent life insurance that insures the life of a child (generally under age 18). It is a financial planning tool that provides a tax advantaged savings vehicle with potential for a lifetime of benefits.

What Nonforfeiture option allows the policyowner to receive the policy’s cash value?

What nonforfeiture option permits the policyowner to use the cash values to purchase paid-up term life insurance coverage? The extended term option permits the policyowner to use the policy’s cash values to buy paid-up term insurance.