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Robert is the owner / insured under a $ 1 5 0 , 0 0 0 life insurance policy and submits a claim for payment
Robert is the ownerinsured under a $ life insurance policy and submits a claim for payment of the policy's accelerated death benefit for terminal illness. The insurer approves the claim. Which of these statements is true?
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a Robert had to provide proof that he was unable to perform all of the activities of daily living that are specified in his policy.
b Robert had to provide written agreement to the accelerated payout from his son, who is the policy's revocable beneficiary.
c Robert had to provide proof that he is under a plan of care prescribed by his physician.
d Robert must be given the opportunity to receive the accelerated amount as a lump sum.
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