L&HOhiomedium
Under Ohio law authorizing accelerated death benefits on life policies, what is the primary triggering condition required for payment?
AInsured's voluntary lapse of premium payments
BInsured reaching age 65 or another specified maturity date with no medical trigger required
CCancellation of the policy by the insurer
A qualifying terminal illness, chronic illness, or specified medical condition
Why this is the answer
R.C. 3915.21 authorizes accelerated death benefit riders that pay a portion of the policy face amount early upon a qualifying terminal illness, chronic illness, or specified medical condition, as defined in the policy and filed with ODI.
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