Ifoa Practice Test & Exam Prep

Critical illness (CI) insurance most commonly pays benefit in what form and on what trigger?

A tax-free lump sum on diagnosis of a defined condition or qualifying surgery, with survival period A regular income on diagnosis of any illness Reimbursement of actual medical bills incurred An annuity payable only on death

Correct Answer:

A tax-free lump sum on diagnosis of a defined condition or qualifying surgery, with survival period

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