What Is the Usual Effect of a Double Indemnity Clause

question 6

Multiple Choice

What is the usual effect of a double indemnity clause?

• A) It provides that a single life insurance policy covers the lives of two people,typically a husband and wife.
• B) It provides that the standard premiums purchase twice the amount of insurance coverage as they usually do.
• C) It provides that the policy will pay twice the policy amount if death occurs within the first 10 years that the policy is in effect.
• D) It provides that the policy will pay twice the policy amount if death is caused by an accident.

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Definitions:

Job Satisfaction

Job satisfaction is the level of contentment employees feel about their work, which can affect performance and retention.

Work Performance

The level of effectiveness and efficiency with which job duties are carried out by an individual or team.

Happy Worker

An employee who experiences satisfaction and contentment in their job role, contributing to a positive work environment and enhanced productivity.

Emotional Commitment

The emotional attachment an individual feels towards a project, goal, or organization, which significantly motivates their participation and effort.