Question

which insurance pays beneficiaries directly upon accidental death or loss of functionality? (1 point)
mortgage protection life insurance
debt cancellation contract
credit life coverage
accidental death and dismemberment

Explanation:

• Mortgage protection life insurance: Pays off mortgage balance upon death, not directly for accidental death/loss of functionality.
• Debt cancellation contract: Cancels debt under certain conditions (like disability), not direct beneficiary payment for accidental death/dismemberment.
• Credit life coverage: Pays off debt (e.g., loan) upon death, not for loss of functionality.
• Accidental death and dismemberment: Specifically designed to pay beneficiaries directly when accidental death or loss of functionality (dismemberment) occurs.

Answer:

accidental death and dismemberment