Q269
Which of the following statements is incorrect?
A.
Term insurance can be taken as a standalone policy
B.
Term insurance cannot be taken as a rider
AnswerC.
Term insurance policies are sold by life insurance companies
D.
Term insurance policies provide cover for a fixed period
Answer: Option B
Solution
Answer: Option B
Solution:
A rider is a provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional costs. So, term insurance cannot be taken as a rider.