Question

If an accelerated death benefit is in effect, how often must the insurer provide a report showing the amount paid and the amount of the remaining benefit?

Answer 1

When the next payment is due

Step-by-step explanation:

With an accelerated death benefit in effect, an insurer is under obligation to provide a report of the amount paid and the amount remaining as often as the next premium payment is due. This is to ensure accountability and clarity in payment terms.