CMFAS M9 Life Insurance Products & Riders question: days from the occurrence of a covered critical illness

CMFAS M9Life Insurance Products & Riders

The survival period (usually 30 days from the occurrence of a covered critical illness) applies to which type of Critical Illness Rider?

A Only the Additional Benefit type of Critical Illness Rider
B Only the Acceleration Benefit type
C Both types equally in all cases
D Neither type — there is never a survival period

Show the answer and explanation

Answer: A. Only the Additional Benefit type of Critical Illness Rider

The text states the survival period (usually 30 days from occurrence of the critical illness) is applicable only to the Additional Benefit type of Critical Illness Rider. A separate waiting period (usually 90 days from issue) applies more generally.

Common mistake

Do not confuse the survival period (Additional Benefit only) with the general waiting period.

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Related CMFAS M9 questions

Mr Rao's children are now self-supporting, so his large protection need has ended. He wants to stop paying premiums on his Whole Life policy but would like to keep a smaller amount of cover in force for the whole of his life to leave a modest legacy. Which non-forfeiture option should he elect?Under which legal provision must a life insurer keep separate statutory insurance funds, with a separate fund maintained specifically for investment-linked policies?Priya has a S$150,000 Whole Life policy. She wants a lump sum if she is diagnosed with a covered critical illness, but she insists that the full S$150,000 death benefit must still be paid to her family afterwards. Which arrangement meets both requirements?

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Original study material mapped to the public CMFAS M9 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.