Masud had a $200,000 life insurance policy with his son named as the beneficiary. Masud was diagnosed with a terminal illness (TI) and he applied for a TI benefit of $50,000 and used the amount for hospital expenses. Masud died a year later and his son made a claim of the policy's death benefit. How much death benefit will Masud's son receive from the insurance company? Explain.

Answer rating: 100% (QA)

In most life insurance policies that include an accelerated death benefit or terminal illness benefi... View the full answer