Dan is 25, and he expects his income to increase over the next 10 years. Under the disability income insurance policy, he is considering, why might he add a guaranteed insurability rider?
A) The rider will allow him to increase his benefit amount every time his income increases.
B) The rider will allow him to increase his benefit amount periodically without being required to show evidence of insurability.
C) If he becomes disabled, the rider will pay benefits in addition to any Social Security benefits he might receive.
D) The rider will increase his benefits to reflect increases in the cost of living.
Ans: B) The rider will allow him to increase his benefit amount periodically without being required to show evidence of insurability.
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If inventory levels are stable or increasing, an argument which is not an advantage of the LIFO method as compared to FIFO is
a. income taxes tend to be reduced in periods of rising prices. b. cost of goods sold tends to be stated at approximately current cost on the income statement. c. cost assignments typically parallel the physical flow of goods. d. income tends to be smoothed as prices change over time.
No group can exist without communication
Indicate whether the statement is true or false.