Which of the Following Policy Features Allows the Insured to Increase

question 74

Multiple Choice

Which of the following policy features allows the insured to increase coverage periodically without showing proof of insurability?

• A)Multiple indemnity clause
• B)Guaranteed purchase option
• C)Disability clause
• D)Paid-up insurance option
• E)Extended-term option

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Definitions:

Perception

The process by which individuals interpret sensory information to understand the environment or a particular situation.

Gestalt Principle

Principles that describe the brain's organization of sensory information into meaningful units and patterns, illustrating how people perceive visual components as whole entities rather than as separate parts.

Common Fate

A gestalt principle that states elements moving in the same direction are perceived as a collective or unit.

Retina

A layer of visual receptor cells at the rear of the eyeball.