Pennsylvania Life and Health Insurance Exam Practice Question
Which type of policy would pay benefits for death due to war or aviation?
Correct Answer: C
Rationale: Special risk insurance specifically covers unique hazards, including death due to war or aviation incidents. This type of policy is designed to address the increased risks associated with these activities, ensuring that beneficiaries receive benefits in such circumstances.
Ordinary whole life and limited pay life policies typically exclude coverage for high-risk events like war and aviation due to their standard underwriting practices. Variable life insurance, while flexible in investment options, also does not inherently cover these specific risks. Therefore, special risk insurance stands out as the appropriate choice for such situations.
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