In AD&D limited coverage, which sum is paid on accidental death?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Study for the Minnesota Life Accident and Health Producer Exam. Prepare with flashcards and multiple choice questions with hints and explanations. Get ready for your exam!

Multiple Choice

In AD&D limited coverage, which sum is paid on accidental death?

Explanation:
In AD&D coverage, the amount paid for accidental death is called the principal sum. There is also a capital sum that applies to certain accidental losses (like a loss of a limb or sight), but that doesn’t cover death. So for accidental death, the benefit paid is the principal sum. Return of premium and surrender value aren’t features of standard AD&D limited coverage—return of premium is associated with some term policies, and surrender value relates to permanent life policies with cash value.

In AD&D coverage, the amount paid for accidental death is called the principal sum. There is also a capital sum that applies to certain accidental losses (like a loss of a limb or sight), but that doesn’t cover death. So for accidental death, the benefit paid is the principal sum. Return of premium and surrender value aren’t features of standard AD&D limited coverage—return of premium is associated with some term policies, and surrender value relates to permanent life policies with cash value.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy