Which of the following statements about accelerated death benefits riders is (are)true?
I.The benefit paid is usually less than the full face amount.
II.Several different medical conditions may trigger the payment of benefits.

Question

Quizplus · Accepted Answer

I. The benefit paid is usually less than the full face amount - This statement is true. Accelerated death benefits riders typically pay out a portion of the death benefit, rather than the full amount.

II. Several different medical conditions may trigger the payment of benefits - This statement is also true. Depending on the specific policy, accelerated death benefits may be paid out if the policyholder is diagnosed with a terminal illness, chronic illness, or critical illness, among other conditions.

Which of the Following Statements About Accelerated Death Benefits Riders