Under a double indemnity provision, which death cause would trigger the extra benefit?

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 Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

Under a double indemnity provision, which death cause would trigger the extra benefit?

Explanation:
Double indemnity pays double the death benefit when the insured dies as a result of an accident—an external, unexpected event. Death from natural causes or illness isn’t considered accidental, so those scenarios don’t qualify for the extra payout. Suicide is typically excluded from accidental death coverage, especially within a specified period after the policy starts. So the only death scenario that triggers the extra benefit is death caused by an accident.

Double indemnity pays double the death benefit when the insured dies as a result of an accident—an external, unexpected event. Death from natural causes or illness isn’t considered accidental, so those scenarios don’t qualify for the extra payout. Suicide is typically excluded from accidental death coverage, especially within a specified period after the policy starts. So the only death scenario that triggers the extra benefit is death caused by an accident.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy