A policy taken with critical illness rider benefit is being assigned...

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A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?

A. Absolute assignment

B. Conditional assignment

C. Loan assignment

D. Collateral assignment

Answer: Option B

Solution (By Examveda Team)

A policy taken with critical illness rider benefit is being assigned. Conditional assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim.

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A policy taken with critical illness rider benefit is being assigned. Which type of assignment would suit the intended purpose because if the life insured is diagnosed with a critical illness, he only should receive the critical illness rider claim?

Solution (By Examveda Team)

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