Which of the following statements regarding the accidental death benefit rider (also known as double indemnity) is true?
A) Adding the accidental death benefit rider doubles the premium for the policy.
B) Financial planners agree that adding the accidental death benefit rider is a wise purchase.
C) The economic value of a human life is doubled or tripled if death is caused by an accident, justifying the purchase of the rider.
D) The death benefit is doubled only if an accidental injury is the direct cause of death and death occurs prior to a specified age.
Answer: D
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Public issuance of securities in the United States is regulated by the:
a) Federal Reserve b) Securities & Exchange Commission c) New York Stock Exchange d) Wall Street Journal
Hazard insurance is:
A. Effective the day after you take it out. B. Prepaid in advance. C. Usually paid for six months. D. Prorated by 360 days.