Question

G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If G were to die at age 50, how long would G's family receive an income?

A.5 years
B.10 years
C.15 years
D.20 years

Answer 1

If G died at age 50 after purchasing a Family Income policy with a 20-year rider at age 40, G's family would receive an income for an additional 10 years. Option B

Step-by-step explanation:

The student's question pertains to the period for which G's family would receive an income following G's death, under a Family Income policy with a 20-year rider. Since G purchased the policy at age 40 and passed away at age 50, the family will continue to receive benefits from the rider for the remainder of the 20-year term.

As G died 10 years after purchasing the policy, the family will receive income for another 10 years, until the rider period ends.

The correct answer is therefore: B.10 years.