Matching Pairs Risk Chp. 12 pt. 4Online version Risk Chp. 12 pt. 4 by Ryan Brown 1 Guaranteed purchase option 2 Accidental death benefit rider 3 Waiver-of-premium provision 4 Viatical Settlement 5 Life settlement 6 Cost-of-living rider 7 Blended Policies 8 Accelerated death benefits 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. increases the face amount of life insurance if death occurs as a result of an accident. a cash-value policy is combined with term insurance. 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. 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. allows the policyholder to purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability. gives policyholders the right to purchase additional amounts of life insurance at specified times in the future without evidence of insurability.
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