IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 31 Topic 4 Discussion

IFSE Institute Life License Qualification Program (LLQP) LLQP Question # 31 Topic 4 Discussion

LLQP Exam Topic 4 Question 31 Discussion:
Question #: 31
Topic #: 4

Paul is a self-employed props person in the film industry. A year ago, he purchased disability insurance with an accidental death and dismemberment (AD&D) rider. During a film shoot, the wood floor of the film set catches fire due to his negligence and he loses sight in one eye. Hisdoctor prescribes complete rest for five months. How will the insurer compensate Paul under the circumstances?


A.

Paul will receive a lump-sum benefit because of the loss of sight in one eye and monthly benefits for the duration of his disability.


B.

Paul will receive monthly benefits due to the loss of sight in one eye because he is automatically considered disabled under his policy.


C.

Paul will only receive a lump-sum benefit for the loss of his eye; he is not disabled as he only needs rest.


D.

Paul will receive no benefits because the accident was caused by his negligence and an exclusion applies.


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