Question

Financial Risks Unit Test

Describe double indemnity? (1 point)
O
the policyholder is paying a fixed premium f
decreasing payout
the policyholder buys gap insurance and is p
the gap insurance for totaling their car
a life insurance rider that may result in benefic
amount in case of death or severe injury

Answer 1

Double indemnity is a life insurance rider that pays out twice the face value of the policy in case of death or severe injury.

Step-by-step explanation:

Double indemnity is a life insurance rider that may result in a beneficiary receiving twice the amount of the policy's face value in case of death or severe injury.

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