Question

A life insurance producer sells a straight life policy to a 55-year-old male in excellent health. The

producer also convinces the applicant to add an accelerated benefits rider to the policy as well.
What type of rider can be added to this policy to cover the applicant's spouse if she dies in an
accident?
A. Accidental death rider
B. Payor rider
C. Guaranteed insurability rider
D. Dependent rider

Answer 1

The Accidental Death Rider can be added to a life insurance policy to provide an additional death benefit for accidental death, which would be suitable for covering the applicant's spouse if she dies in an accident.

Step-by-step explanation:

To cover the applicant's spouse in the event of an accidental death, the Accidental Death Rider can be added to the policy. This rider provides an additional death benefit if the insured dies due to an accident. It would be an appropriate addition to the policy for someone seeking extra protection beyond the straight life policy’s standard coverage. This rider does not cover natural causes of death; it is specifically for accidental deaths.

Life insurance policies and riders are tailored to provide financial protection and peace of mind. Riders allow policyholders to customize their insurance coverage to fit specific needs or concerns, such as covering a spouse in the unfortunate event of an accidental death.