Question: William is the owner / insured under a $ 2 0 0 , 0 0 0 life insurance policy that includes a rider for chronic

William is the owner/insured under a $200,000 life insurance policy that includes a rider for chronic illness. The rider is an indemnity rider that specifies a maximum of 2 percent of the death benefit can be accelerated on a monthly basis, up to 80 percent of the death benefit. If William qualifies for the benefit, how much will the rider provide on a monthly basis?
a. $1,200
b. $3,200
c. $4,800
d. $5,600
William is the owner / insured under a $ 2 0 0 ,

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