Life Policy ProvisionsQuestion 175 of 716
An accelerated benefit rider on a life insurance policy generally allows which of the following?
a.Receipt of all premiums paid back as a cash refund at age 65, with the policy's full death benefit continuing unchanged afterward
b.Automatic doubling of the death benefit once the insured turns 70, at no additional premium cost to the policy owner
c.Free withdrawal of the entire cash value with no reduction of the death benefit and no loan interest charged
d.Advance payment of a portion of the death benefit if the insured is diagnosed with a qualifying terminal or chronic illness
Explanation
An accelerated benefit (living benefit) rider lets the insured receive an advance on part of the policy's death benefit when diagnosed with a qualifying terminal, chronic, or sometimes critical illness as defined in the rider. The remaining death benefit at death is reduced accordingly.
Law Reference: Cal. Ins. Code §10295.1This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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Related questions on this topic
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)