1.For review, identify rider generally waives future premiums if the insured becomes totally disabled as defined by the rider.
Waiver of premium can keep coverage in force without premium payments during qualifying total disability.
Example: A client or producer applies this rule in a policy situation. The correct concept is Waiver of premium. Waiver of premium can keep coverage in force without premium payments during qualifying total disability.
PTH original exam-prep item • Original practice item
2.Review scenario 42: A payor benefit rider on a juvenile policy is designed primarily to protect coverage if the payor:
Payor benefit can waive premiums on a juvenile policy if the person responsible for premiums dies or becomes disabled under the rider terms.
Example: A client or producer applies this rule in a policy situation. The correct concept is Dies or becomes disabled as defined by the rider. Payor benefit can waive premiums on a juvenile policy if the person responsible for premiums dies or becomes disabled under the rider terms.
PTH original exam-prep item • Original practice item
3.For review, identify rider pays an additional benefit when death results from a covered accident.
An accidental death rider provides an extra death benefit when death meets the rider's covered-accident conditions.
Example: A client or producer applies this rule in a policy situation. The correct concept is Accidental death rider. An accidental death rider provides an extra death benefit when death meets the rider's covered-accident conditions.
PTH original exam-prep item • Original practice item
4.For review, identify rider allows the insured to buy additional coverage at specified times without new evidence of insurability.
Guaranteed insurability provides future purchase options without new medical evidence, subject to rider limits.
Example: A client or producer applies this rule in a policy situation. The correct concept is Guaranteed insurability. Guaranteed insurability provides future purchase options without new medical evidence, subject to rider limits.
PTH original exam-prep item • Original practice item
5.For review, identify rider can provide term coverage on the insured's children under one parent policy.
A children's term rider adds term life protection for eligible children under the base policy.
Example: A client or producer applies this rule in a policy situation. The correct concept is Children's term rider. A children's term rider adds term life protection for eligible children under the base policy.
PTH original exam-prep item • Original practice item
6.Review scenario 46: A spouse term rider is used to:
A spouse term rider adds term insurance on the spouse under the base policy.
Example: A client or producer applies this rule in a policy situation. The correct concept is Add term life coverage on the insured's spouse. A spouse term rider adds term insurance on the spouse under the base policy.
PTH original exam-prep item • Original practice item
7.For review, identify rider returns specified premiums if the insured survives to the end of the term, subject to rider terms.
Return-of-premium term coverage can return specified premiums if the insured survives the stated term.
Example: A client or producer applies this rule in a policy situation. The correct concept is Return of premium rider. Return-of-premium term coverage can return specified premiums if the insured survives the stated term.
PTH original exam-prep item • Original practice item
8.For review, identify rider can provide part of the death benefit while the insured is alive after a qualifying terminal illness.
Accelerated death benefits allow access to part of the death benefit after a qualifying terminal illness or other covered trigger.
Example: A client or producer applies this rule in a policy situation. The correct concept is Accelerated death benefit rider. Accelerated death benefits allow access to part of the death benefit after a qualifying terminal illness or other covered trigger.
PTH original exam-prep item • Original practice item
9.Review scenario 49: A cost-of-living rider is intended to:
Cost-of-living riders can increase coverage to help offset inflation, according to the rider formula.
Example: A client or producer applies this rule in a policy situation. The correct concept is Increase coverage based on an inflation measure, subject to rider terms. Cost-of-living riders can increase coverage to help offset inflation, according to the rider formula.
PTH original exam-prep item • Original practice item
10.Review scenario 50: A term rider attached to a permanent policy is often used to:
A term rider adds temporary insurance to a permanent base policy.
Example: A client or producer applies this rule in a policy situation. The correct concept is Add temporary death protection. A term rider adds temporary insurance to a permanent base policy.
PTH original exam-prep item • Original practice item