PSI Ohio Insurance Practice Exam

Which type of rider provides benefits for additional coverage in case of accidental death?

1. Accidental death benefit rider

2. Disability income rider

3. Child term rider

4. Long-term care rider

The correct answer is: Accidental death benefit rider

The rider that provides additional benefits specifically in the event of accidental death is the accidental death benefit rider. This type of rider is designed to increase the death benefit payable to beneficiaries if the insured dies as a result of an accident, providing an extra layer of financial security. This is particularly important for individuals who want to ensure that their loved ones are better protected in the event of an unforeseen and accidental loss of life. In contrast, other riders serve different purposes. The disability income rider provides a source of income if the insured becomes disabled and unable to work. The child term rider offers coverage for the insured's children for a specified period but does not relate to accidental deaths. The long-term care rider is intended for individuals needing assistance with daily living activities due to chronic illness or disability, having no direct connection to death benefits. Understanding these distinctions allows for a clearer grasp of how different insurance riders function and their respective benefits.