Define "benefits payable" in the context of Aflac policies.

• A. The amount paid when a policy trigger occurs, according to the benefit schedule and policy terms.
• B. The yearly maximum amount the policy can be renewed for.
• C. The fee charged for enrolling.
• D. The number of covered dependents.

Answer: (A)

Benefits payable is the actual amount the insurer will pay for a covered loss, determined by the benefit schedule and policy terms. When a policy trigger occurs, such as an accident or illness, the plan specifies a set dollar amount or per-day amount that is payable. This is not the renewal maximum, enrollment fee, or the number of dependents.