Matching Pairs Risk Chp. 12 pt. 4Online version Risk Chp. 12 pt. 4 by Ryan Brown 1 Accelerated death benefits 2 Waiver-of-premium provision 3 Accidental death benefit rider 4 Viatical Settlement 5 Blended Policies 6 Guaranteed purchase option 7 Cost-of-living rider 8 Life settlement a cash-value policy is combined with term insurance. allow part or all of the life insurance face amount to paid to a chronically or terminally ill policyholder before he or she dies, and the charge for the benefit is usually included into the premium. under this provision, if the insured becomes totally disabled from bodily injury or disease before some stated age, all premiums coming due during the period of disability are waived. gives policyholders the right to purchase additional amounts of life insurance at specified times in the future without evidence of insurability. increases the face amount of life insurance if death occurs as a result of an accident. is the sale of a life insurance policy by a terminally ill insured to another party, typically to investors or investor groups who hope to profit by the insured's early death. is a financial transaction by which a policyholder who no longer needs or wants to keep a life insurance policy sells the policy to a third party for more than its cash value. allows the policyholder to purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability.
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