Which term describes providing funds for surviving spouses and dependents after the insured's death?

Which term describes providing funds for surviving spouses and dependents after the insured's death?

• A. Dividend Paid-Up Additions
• B. Health Savings Account (HSA)
• C. Survivor Protection
• D. Mortality Table

Answer: (C)

Survivor protection focuses on maintaining financial support for those left behind when the insured dies. It refers to the benefit design in life insurance that provides funds to a surviving spouse and dependents after death, helping cover living expenses, debts, and future needs. This is distinct from Dividend Paid-Up Additions, which use dividends to buy extra paid-up life insurance; a Health Savings Account is for medical costs, not life insurance death benefits; and a Mortality Table is used to estimate death probabilities for pricing, not to provide funds after death. So the term that describes providing funds for surviving spouses and dependents after the insured's death is Survivor protection.

Survivor protection focuses on maintaining financial support for those left behind when the insured dies. It refers to the benefit design in life insurance that provides funds to a surviving spouse and dependents after death, helping cover living expenses, debts, and future needs. This is distinct from Dividend Paid-Up Additions, which use dividends to buy extra paid-up life insurance; a Health Savings Account is for medical costs, not life insurance death benefits; and a Mortality Table is used to estimate death probabilities for pricing, not to provide funds after death. So the term that describes providing funds for surviving spouses and dependents after the insured's death is Survivor protection.