What is the maximum total amount Derek might receive under his Term Assurance policy with serious illness cover?

To determine the maximum total amount Derek might receive under his Term Assurance policy with serious illness cover, it's important to consider how such policies typically work. Term Assurance provides a payout upon death or, in the case of serious illness cover, if the insured is diagnosed with a qualifying serious illness.

In many typical scenarios, a policyholder can receive a death benefit, and sometimes, an additional benefit if diagnosed with a serious illness. The critical detail here is understanding the cumulative limits imposed by the policy.

If the serious illness cover allows for a payout in addition to the standard death benefit, this could lead to a total that combines both amounts, often leading to substantial coverage. Hence, if the death benefit under the Term Assurance is set at a certain level (for instance, €150,000), and the serious illness cover provides additional payout rights that do not exceed this limit, then it collectively gives the potential maximum payout under certain conditions.

In this case, considering the options provided, a sum like €150,000 for death combined with any potential payout related to serious illness could indicate that the overall ceiling Derek could potentially see from this term policy reaches €150,000, thus marking it as the maximum total amount under the policy terms. This aligns with standard