Which of the Following Statements Regarding the Accidental Death Benefit

question 4

Multiple Choice

Which of the following statements regarding the accidental death benefit rider (also known as double indemnity) is true?

• A)Adding the accidental death benefit rider doubles the premium for the policy.
• B)Financial planners agree that adding the accidental death benefit rider is a wise purchase.
• C)The economic value of a human life is doubled or tripled if death is caused by an accident,justifying the purchase of the rider.
• D)The death benefit is doubled only if an accidental injury is the direct cause of death and death occurs prior to a specified age.

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Definitions:

Laccolith

A geological formation resulting from magma pushing up between layers of rock, creating a lens-shaped mass.

Columnar Joints

Natural formations of rock into long, regular columns, typically found in basalt flows, resulting from the cooling and contraction of lava.

Igneous Rock

Rock formed through the cooling and solidification of magma or lava, categorized into intrusive or extrusive depending on the environment of formation.

Sierra Nevada

A mountain range in the Western United States, known for its dramatic landscapes, including Yosemite Valley and Lake Tahoe.