Types of Riders

Question 1

Payor Rider

Answer 1

provides for the continuance of insurance coverage on the life of a juvenile in the event of the death or total disability of the individual responsible for the payment of the premiums

Question 2

the principal sum

Answer 2

the amount of money paid by an accidental death benefit rider if the insured dies in an accident

Question 3

the capital sum

Answer 3

the amount of money paid by an AD&D rider if the insured is disabled due to the loss of one leg in an accident

Question 4

waiver of premium requires that the disability must be one that is

Answer 4

total and continues uninterrupted

Question 5

Payor Rider requires

Answer 5

proof of insurability of the policyowner as well as the insured

Question 6

time frame usually in place for double indemnity

Answer 6

90 days

Question 7

principal sum

Answer 7

100% of the rider if the insured dies within 90 of the accident

Question 8

capital sum

Answer 8

50% of the rider if the insured loses a limb due to an accident