Question

An insured is injured while hang gliding. Because he is unable to earn an income for months after the accident, the insurer of his adjustable life insurance policy pays for his premiums. This is an example of what type of option?

Answer 1

This scenario is an example of an income protection option provided by the insurer of the adjustable life insurance policy.

Step-by-step explanation:

This scenario is an example of an income protection option provided by the insurer of the adjustable life insurance policy. When the insured is injured and unable to earn income, the insurer pays for the premiums, ensuring that the policy remains in effect. This option safeguards the insured's coverage and provides financial support during the period of income loss.