Becky is considering the purchase of a whole life policy on her own life.She is concerned that if she becomes disabled,paying premiums will become a burden.Which provision can Becky attach to her life insurance policy to address this concern?

Question

Quizplus · Accepted Answer

A waiver-of-premium provision would allow Becky to stop paying premiums if she becomes disabled and meets certain criteria specified in the policy. This provision would alleviate her concern of being unable to pay premiums in the event of a disability. The other options, such as a guaranteed purchase option, accidental death benefit rider, and accelerated death benefits rider, do not address her specific concern about paying premiums in the event of disability.

Becky Is Considering the Purchase of a Whole Life Policy