Florida Life and Health Insurance License Practice Test

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Which provision of a life insurance policy will pay a stated benefit amount for accidental dismemberment?

  1. Beneficiary clause

  2. Incontestability clause

  3. Accidental Death and Dismemberment clause

  4. Grace Period provision

The correct answer is: Accidental Death and Dismemberment clause

This is due to the fact that the Accidental Death and Dismemberment clause specifically covers the benefit amount for cases of accidental dismemberment. This is different from the Beneficiary clause, which determines who will receive the benefits in the event of the policy holder's death, and the Incontestability clause, which prevents the insurance company from denying a claim after a certain amount of time has passed. The Grace Period provision allows for a grace period for premium payments before the policy is cancelled, but does not pertain to the benefit amount. Therefore, the Accidental Death and Dismemberment clause is the most accurate and specific answer for this question.

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