Richard Beck has a life insurance policy which he has altered to include an accidental death benefit payable to his son and daughter.This alteration has most likely been done by attaching a ____ to the policy.

Question

Quizplus · Accepted Answer

The accidental death benefit is typically included in a life insurance policy through a double indemnity provision. This provision pays out an additional sum (usually equal to the face amount of the policy) if the policyholder dies as a result of an accident. By attaching this provision to the policy, Richard Beck has ensured that his children will receive an additional benefit if he dies accidentally.

Richard Beck Has a Life Insurance Policy Which He Has