LLQP (Life Licence Qualification Program) Practice Exam · Question
An Accidental Death and Dismemberment (AD&D) rider typically pays 'capital sum' benefits for:
AD&D policies pay a percentage of the principal sum (the full benefit) for specific types of dismemberment (e.g., a specific amount for one hand vs. two hands).
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Question: An Accidental Death and Dismemberment (AD&D) rider typically pays 'capital sum' benefits for:
Answer options:
- A weekly income for as long as the insured is unable to work. ✅ A percentage of the principal sum for the loss of a limb or eyesight.
- Coverage only if the insured dies of natural causes.
- Reimbursement for prescription drugs and dental care only.
Correct answer: A percentage of the principal sum for the loss of a limb or eyesight.
Explanation: AD&D policies pay a percentage of the principal sum (the full benefit) for specific types of dismemberment (e.g., a specific amount for one hand vs. two hands). This is often called the 'capital sum.'
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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:
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