Final answer:
A long-term care rider in a life insurance policy typically pays out when the policyholder has a condition, like a terminal illness, leading to the need for long-term care. It does not trigger for situations like loss of employment, marriage, or home renovations.
Step-by-step explanation:
The student is asking about the trigger events for a long-term care rider in a life insurance policy. A long-term care rider is an additional benefit that can be included in a life insurance policy, which pays out when the policyholder requires long-term care due to being unable to perform a certain number of Activities of Daily Living (ADLs) or Cognitive Impairment. In the given options, a long-term care rider would most likely trigger a benefit in the event of 'c. Terminal illness', because this condition may lead to the need for extended care.
Other situations like loss of employment, marriage, and home renovation do not typically activate a long-term care rider. These riders are designed to provide financial relief when the policyholder's health condition requires medical attention over a longer period, not tied to the given circumstances of employment status, marital status, or changes to a dwelling.