What is the maximum Death Benefit for a Covered Dependent Child under the HealthAccess MedGuard Critical Illness Plan?

What is the maximum Death Benefit for a Covered Dependent Child under the HealthAccess MedGuard Critical Illness Plan?

• A. $10,000
• B. $5,000
• C. $15,000
• D. $20,000

Answer: (B)

The maximum Death Benefit for a Covered Dependent Child under the HealthAccess MedGuard Critical Illness Plan is $5,000. This amount is specifically designated for dependent children, ensuring that families have a foundational level of financial support in the unfortunate event of a child's death. Understanding this limit is crucial for policyholders to assess the coverage adequately for their dependents and ensure they have the necessary provisions in place. This amount reflects a choice made within the policy framework, tailored for dependent children's needs, which tend to be lower than those for adults in most critical illness plans.

The maximum Death Benefit for a Covered Dependent Child under the HealthAccess MedGuard Critical Illness Plan is $5,000. This amount is specifically designated for dependent children, ensuring that families have a foundational level of financial support in the unfortunate event of a child's death. Understanding this limit is crucial for policyholders to assess the coverage adequately for their dependents and ensure they have the necessary provisions in place. This amount reflects a choice made within the policy framework, tailored for dependent children's needs, which tend to be lower than those for adults in most critical illness plans.