Question

This rider allows for the insured to obtain additional insurance in between the specified ages including marriage and the birth or adoption of a child, when the need for insurance coverage may increase without having to prove insurability. It is called the ________ rider:

Answer 1

Answer:

guaranteed insurability rider

Explanation:

First of all, a rider is an insurance policy provision that allows customers to purchase insurance options that increase their coverage. Sometimes riders are given for free as a promotional free benefit.  

A guaranteed insurability (GI) rider grants a current policy holder the option to purchase additional life insurance with no underwriting.