Matching Pairs Risk Chp. 12 pt. 4Online version Risk Chp. 12 pt. 4 by Ryan Brown 1 Viatical Settlement 2 Blended Policies 3 Waiver-of-premium provision 4 Guaranteed purchase option 5 Life settlement 6 Accidental death benefit rider 7 Accelerated death benefits 8 Cost-of-living rider 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. 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. a cash-value policy is combined with term insurance. allows the policyholder to purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability. 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.
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