New Jersey Life Insurance Exam Practice Question
An insured has a $100,000 policy and dies on his way to work due to a…
Correct Answer: A
Rationale: In this scenario, the insured has a $100,000 policy, which specifies the payout amount upon death. Option A, "Nothing," suggests that the insured did not have any additional coverage or circumstances that would increase the payout, making it the only logical choice based on the given information.
Options B, C, and D imply higher payout amounts that exceed the policy limit. Without additional details indicating supplementary coverage, such as accidental death benefits or riders, these options are incorrect. Thus, the policy strictly dictates a payout of $100,000, aligning with option A.
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