Question

What event triggers the benefits provided by the Critical Illness Rider?

a.

Death of the policyholder

b.

Diagnosis of any illness

c.

Affliction with specified critical illness

d.

Permanent disability

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).Affliction with specified critical illness Explanation:The Critical Illness Rider provides benefits upon the policyholder being diagnosed with specified critical illnesses outlined in the insurance contract.

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Q. What event triggers the benefits provided by the Critical Illness Rider?
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