Question

the insured under a $1000000 life insurance policy with a triple indemnity rider for accidental death was killed in a car accident it was determined that the accident was his fault the triple indemnity rider in the policy specifies that the death must be contributed to by the insured in any

Answer 1

Answer:

A triple indemnity rider establishes that the insurance company will pay double or triple (depends on the accident and the specifics of the policy) the original insurance amount in case the insured dies from an accident as long as the insured was not responsible for the accident. In this case, since the insured was responsible for causing the accident, his family will receive the face value of the policy ($1,000,000) and the triple indemnity rider clause will not be enforced.