IIQE Paper 3 Benefit Riders and Other Products question: typical accidental death benefit rider

Answer: A. the basic face amount only

Answer: the basic face amount only. A typical rider requires death to follow the injury within one year. At 14 months that condition fails, but the basic policy pays whatever the cause.Why not the others:• the accidental death benefit only: The basic face amount is payable on any death, and the rider benefit fails the one-year condition.• nothing, since death followed an accident: Accidents do not defeat the basic life cover; the cause of death is usually irrelevant to it.• the basic face amount plus the accidental death benefit: The rider benefit needs death within one year of the injury; 14 months is too late.Watch out: Forgetting the time limit between injury and death, or forgetting that the basic policy pays anyway.Rule: An accidental death benefit usually needs death caused solely by the accidental injury and within one year of it.Source: IA Long Term Insurance (Paper III) Study Notes, 2022 Edition (8th ed., June 2022; for exams from 24 Oct 2022), 3.2.1(a), p. 3/4