If an accelerated death benefit is in effect, how often must the insurer provide a report showing the amount paid and the amount of the remaining benefit?

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Business

John Snow

5 February, 14:22

If an accelerated death benefit is in effect, how often must the insurer provide a report showing the amount paid and the amount of the remaining benefit?

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Answers (1)

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Dropout · Answer 1

When the next payment is due

Explanation:

With an accelerated death benefit in effect, an insurer is under obligation to provide a report of the amount paid and the amount remaining as often as the next premium payment is due. This is to ensure accountability and clarity in payment terms.