Reference no: EM131973848

1. Walter Fanning is insured under a life insurance policy that grants him the right to receive a portion of the policy's death benefit while he is still living if he suffers from a terminal illness and has a physician-certified life expectancy of 12 months or less. This information indicates that Mr. Fanning's policy includes the type of supplemental benefit known as a

terminal illness (TI) benefit

guaranteed insurability (GI) benefit

long-term care (LTC) insurance benefit

dread disease (DD) benefit

2. Monica Minton purchased a $100,000 life insurance policy that provided a supplemental $100,000 accidental death benefit. Five years after the policy went into effect, Ms. Minton died of a heart attack. In this situation, the beneficiary of Ms. Minton's life insurance policy is entitled to receive

the policy's $100,000 basic death benefit only

a return of the premiums paid on the policy only

no benefit of any kind

the policy's $100,000 basic death benefit plus the $100,000 supplemental benefit