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Policy Provisions, Riders, and Options / Chapter Quiz

Question 14 of 15

If an insured withdraws a portion of the face amount in the form of accelerated benefits because of a terminal illness, how will that affect the payable death benefit from the policy?

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Final answer:

Accelerated benefits withdrawn due to terminal illness decrease the payable death benefit from the policy.


Explanation:

When an insured withdraws a portion of the face amount in the form of accelerated benefits due to terminal illness, it will reduce the payable death benefit from the policy. This is because the accelerated benefits are paid out early from the death benefit, lowering the total amount that will be available upon the insured's passing.


Learn more about Life insurance policy provisions here:

https://brainly.com/question/43541242


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