96. Which of the following provides a death benefit if the spouse of the insured dies?
Answer: D
Family Term insurance rider provides a death benefit if the spouse of the insured dies.
A Family Term insurance rider is specifically designed to provide coverage for the spouse of the insured, ensuring that a death benefit is paid out if the spouse passes away. This type of rider is an important addition for those seeking to protect their loved ones financially in the event of an untimely death.
A) Long-term care insurance rider
A Long-term care insurance rider is focused on covering the costs associated with long-term care services rather than providing a death benefit. This type of rider does not address the death of a spouse, making it irrelevant to the question.
B) Guaranteed insurability rider
The Guaranteed insurability rider allows the insured to purchase additional insurance at specified times without evidence of insurability. While it provides flexibility to secure more coverage, it does not provide a death benefit directly related to the spouse's death.
C) Accelerated death benefit rider
An Accelerated death benefit rider permits the insured to access a portion of the death benefit while still alive, typically in case of terminal illness. This rider does not offer a death benefit to the insured’s spouse upon their death, thus it does not fulfill the requirement of the question.
D) Family Term insurance rider
The Family Term insurance rider is designed to provide a death benefit specifically for the insured's spouse. This rider ensures that if the spouse passes away, a death benefit will be paid, securing financial support for the insured's family.
Conclusion
The Family Term insurance rider is the only option that directly addresses the provision of a death benefit in the event of the spouse's death, making it the correct choice. All other options fail to provide such coverage, focusing instead on different aspects of insurance that do not relate to spousal death benefits.