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2 riaz purchased a life insurance policy on his life with an added supplementary benefit which, if used, reduces the policy death benefit.
which of the following supplementary benefits did riaz add to his policy?
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a. disability income benefit
b. payor waiver benefit
c. terminal illness benefit
d. accidental dismemberment benefit
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Explanation:

To determine the supplementary benefit Riaz added, we analyze each option:

• Option a (Disability Income benefit): Provides income during disability, not directly reducing death benefit.
• Option b (Payor waiver benefit): Waives premium payments, not reducing death benefit.
• Option c (Terminal Illness benefit): Allows access to death benefit while alive (reducing it for the policy), matching the description.
• Option d (Accidental dismemberment benefit): Focuses on dismemberment, not reducing death benefit.

Answer:

c. Terminal illness benefit