Double indemnity refers to a provision in certain life insurance policies that allows the beneficiaries to receive double the insured amount if the insured person dies due to a specific cause, typically accidental death. This rider provides additional financial security and benefits to the policyholder's beneficiaries in the event of an untimely death under qualifying circumstances.
Describe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insuranceDescribe double indemnity?(1 point) Responses the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder is paying a fixed premium for coverage on a loan that has a decreasing payout the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car the policyholder buys gap insurance and is paid out from the base auto insurance and the gap insurance for totaling their car a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury a life insurance rider that may result in beneficiaries receiving double the insured amount in case of death or severe injury policyholder has both term life insurance and mortgage protection life insurance
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