Answered

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Ingrid requires $100,000 of permanent life insurance on her own life to cover the tax liability expected on the capital gain that will be realized on her vacation property at the time of her death. Of course, she realizes that the liability will likely grow as the value of the property grows in the future. She has been looking at various types of life insurance to meet her needs. She likes the death benefit growth potential and premium and cash value flexibility of universal life, but is leaning much more towards the guarantees afforded by whole life insurance. Which of the following riders could Ingrid add to a whole life contract to best make the policy provide many of the features of universal life that Ingrid finds so attractive?
A) A Paid-Up Additions (PUA) Rider
B) A Guaranteed Insurability Benefit (GIB)
C) A Disability Waiver of Premium (WP) Benefit
D) An Indexed Death Benefit

Sagot :

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