LLQP (Life Licence Qualification Program) Practice Exam · Question
In an Accidental Death and Dismemberment (AD&D) policy, the amount paid for the loss of a limb is referred to as:
In accidental death and dismemberment (AD&D) insurance, the 'Capital Sum' refers to the amount paid for the loss of a limb or sight. The 'Principal Sum' refers
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Question: In an Accidental Death and Dismemberment (AD&D) policy, the amount paid for the loss of a limb is referred to as:
Answer options:
- The Principal Sum
- The Total Benefit Amount
- The Indemnity Sum ✅ The Capital Sum
Correct answer: The Capital Sum
Explanation: In accidental death and dismemberment (AD&D) insurance, the 'Capital Sum' refers to the amount paid for the loss of a limb or sight. The 'Principal Sum' refers to the benefit for accidental death.
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- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
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