Life Ins Riders
This rider allows the insured to increase their coverage without providing additional evidence of insurability.
What is the Guaranteed Insurability Rider?
This option allows a policyholder to stop paying premiums but still retain a reduced amount of insurance.
What is the Reduced Paid-Up Option?
A plan that typically requires choosing a primary care physician and has lower premiums.
What is an HMO (Health Maintenance Organization)?
Which AD&D benefit pays half of the contracted sum?
What is Capital sum?
This is the department that regulates insurance in each state.
What is the Department of Insurance?
A rider that waives the premium if the insured becomes totally disabled.
What is the Waiver of Premium Rider
This settlement option provides a guaranteed income for life.
What is the Life Income Option?
Dismemberment of primary parts: What are primary parts? A: Eyes, arms and ears B: Hands, feet and voice C: Feet, sight and hearing D: Eyes, hands and feet
What is D: Eyes, hands and feet
How many days is the Medicare supplement policy's free look?
What is 30 days
Your health insurance client is shot robbing a bank. How will the insurance claim be paid?
What is It will not be covered?
This rider provides coverage for family members under the insured’s policy.
What is the Family Rider?
The option allowing a policy to use dividends to purchase additional coverage.
What is the Paid-Up Additions Option?
This type of health insurance helps cover costs if the insured is unable to work due to illness or injury.
What is Disability Income Insurance?
This provision allows a policyholder a certain period to examine the policy and cancel it if desired.
What is the Free Look Provision?
This unfair practice involves making false or maliciously critical statements about an insurer’s financial condition to damage its reputation.
What is Defamation?
This rider adds to the death benefit with double or triple the indemnity .
What is the Accidental Death Rider?
An option that allows a policyholder to receive the policy's death benefit in equal payments over a set period.
What is the Fixed Period Option?
What is a contributory group health insurance plan?
What is The employees pay some or the entire premium
This provision specifies the amount of time the insurer can challenge the policy due to misstatements on the application.
What is the Incontestable Clause?
These types of licenses are required for agents to legally sell insurance.
What are Insurance Licenses?
A benefit rider that pays part of the death benefit early if the insured is terminally ill.
What is the Accelerated Death Benefit Rider?
This option enables a policyholder to leave dividends with the insurer to accumulate interest.
What is the Accumulation at Interest Option?
This is the waiting period before benefits are payable after a disability occurs.
What is the Elimination Period?
This provision requires that an insured notify the insurer within a specified period after a loss occurs. Failing to do so could result in a denial of the claim, as timely notice is crucial for the insurer’s ability to investigate the claim.
What is the Notice of Claim Provision?
This is the practice of persuading a policyholder to switch policies by making misleading comparisons or providing false information, often to the policyholder’s detriment.
What is Twisting?