Practice Quiz

Health and Life Insurance

Category - Disability

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What is the purpose of the lifetime benefit option?
  1. To extend the benefit period beyond 65 to the lifetime of the insured
  2. To extend the benefit period to age 65
  3. To extend the option to increase benefits
  4. To extend the vocational training benefits
Explanation
Answer: A - The purpose of the lifetime benefit option is to extend the benefit period beyond age 65 to the lifetime of the insured. Extensions on the benefits may apply to accident only benefits or to the accident and sickness benefits. If a total disability occurs prior to age 65 and due to an accident, benefits will be paid for the lifetime of the insured as long as he or she remains totally disabled.
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