Which of the following is a benefit that can be provided by riders in Variable Life Insurance?

Prepare for the Variable Life Licensing Exam. Study with flashcards and multiple-choice questions. Each question offers hints and explanations for better understanding. Equip yourself with the knowledge to succeed in your exam!

Riders in Variable Life Insurance offer additional benefits that enhance the policy's coverage beyond the standard provisions. The benefit of accelerated death benefits in case of critical illness allows the policyholder to receive a portion of the death benefit while still alive if they are diagnosed with a terminal illness or a serious medical condition. This can provide crucial financial support during challenging times, allowing individuals to cover medical expenses or other financial obligations without having to rely solely on their savings or other sources of income.

The other options do not accurately reflect the typical benefits associated with riders in Variable Life Insurance. Guaranteed cash value progress is generally associated with whole life policies rather than variable life policies that are inherently subject to market performance. Fixed premiums are a characteristic of certain types of whole life insurance rather than variable life, which typically allows for flexible premium payments. Increased investment options are part of the standard features of variable life insurance but are not a benefit provided by riders. Thus, the advantage of accelerated death benefits stands out as a significant rider benefit within Variable Life Insurance.

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