Policy Riders, Provisions & Exclusions

Questions

Which nonforfeiture option allows a policyowner to use the cash value to purchas…
The incontestability clause in a life insurance policy prevents the insurer from…
Under an irrevocable beneficiary designation, the policyowner:
Under the ownership clause of a life insurance policy, who has the right to chan…
A child rider on a life insurance policy typically provides coverage for:
The suicide clause in most life insurance policies provides that:
A long-term care rider on a life insurance policy allows the insured to access a…
The reinstatement provision allows a lapsed policy to be reinstated if the polic…
Which exclusion is most commonly found in life insurance policies?
A misstatement of age clause in a life insurance policy states that:
Which policy dividend option uses dividends to purchase small additional paid-up…
A waiver of premium rider provides which benefit?
The entire contract clause in a life insurance policy means:
A guaranteed insurability rider allows the policyowner to:
A spendthrift clause in a life insurance policy protects the death benefit proce…
Which dividend option uses dividends to reduce the next premium payment due?
An accelerated death benefit rider allows a terminally ill insured to:
A return of premium rider attached to a term life policy will pay:
The common disaster clause in a life insurance policy addresses the situation wh…
A policy loan provision allows a policyowner to borrow against the policy's cash…
Which of the following is the standard dividend option that allows a policyowner…
The assignment clause allows the policyowner to transfer policy rights to:
An accidental death benefit (ADB) rider is also commonly known as:
The grace period provision in a life insurance policy typically allows:
Which settlement option pays the beneficiary a fixed amount each month until the…
Which nonforfeiture option provides term insurance for the full face amount for …