Question 2029 of 324 · Texas Life, Accident and Health Agent Exam
An accelerated death benefit rider allows the owner to
Exactly one answer is correct.
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Correct answer to question 2029
- B: receive a portion of the death benefit while living if the insured has a qualifying terminal illness
Explanation
Texas law allows an insurer to pay an accelerated benefit under an individual or group term life policy on a written medical opinion that the insured has a terminal illness, a long-term care illness, or another qualifying condition. Terminal illness means death can reasonably be expected within not more than two years. The accelerated amount is deducted from the death benefit.
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