T
Trevor
Member
Hi, just want to ask a quick question:
Does CI insurance, Standalone or Accelerated CI pay out on maturity?
I attempted the 2014 September, Q6ii past paper. Which the solution sheet quotes:
"There will be a small delay in payment of benefit on accelerated CI policies (payment now made on survival rather than earlier death)"
I interpret this that because people survive following a stroke, they claim the first time for diagnosis, and then the remaining SA is claimed as maturity benefit rather than death.
Is there a maturity benefit? I thought CI covers for lifetime.
Thanks,
Trevor
Does CI insurance, Standalone or Accelerated CI pay out on maturity?
I attempted the 2014 September, Q6ii past paper. Which the solution sheet quotes:
"There will be a small delay in payment of benefit on accelerated CI policies (payment now made on survival rather than earlier death)"
I interpret this that because people survive following a stroke, they claim the first time for diagnosis, and then the remaining SA is claimed as maturity benefit rather than death.
Is there a maturity benefit? I thought CI covers for lifetime.
Thanks,
Trevor