Practice Quiz

Health and Life Insurance

Category - Annuities & Policies

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Life insurance policies can have a number of exclusions and limitations written into the them. The aviation exclusion restricts payment of benefits for all of the following except when the:
  1. Insured is a fare-paying passenger
  2. Insured is a student pilot
  3. Insured is on a military aircraft
  4. Insured is parachuting
Explanation
Answer: A - The aviation exclusion restricts payment of benefits for all of the following except when the insured is a fare-paying passenger. Exclusions include all aviation-caused or aviation-related deaths except fare-paying passengers. This includes exclusions for pilots, crew members, student pilots, parachuting, and military aircrafts.
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