Chartered Life Underwriter Practice Exam

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Question: 1 / 400

What does accidental death and dismemberment (ADandD) insurance provide?

Benefits exclusively for natural causes of death

Coverage for all types of injuries

Benefits in case of accidental death or specific injuries

Accidental death and dismemberment (AD&D) insurance specifically provides financial benefits in the event of death resulting from an accident or for certain severe injuries, such as loss of limbs or eyesight. This focus on accidental circumstances is key to understanding the nature of this type of insurance. Unlike standard life insurance, which covers death from any cause (natural or otherwise), AD&D insurance limits its payouts to situations where the incident is deemed accidental.

The correct answer captures the essence of AD&D insurance by emphasizing that it offers benefits solely in cases of accidental death or specified injuries, which makes it a tailored solution for unexpected events that cause significant harm or loss of life.

Chartered Life Underwriter Practice Exam

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