A whole life policyowner wants to add coverage for his children. Which rider would accomplish this?

• A. Child term rider
• B. Waiver of premium rider
• C. Spouse term rider
• D. Guaranteed insurability rider

Answer: (A)

The idea being tested is adding life coverage for dependents through a rider. A child term rider is specifically designed to provide term life coverage on the policyowner’s children. It attaches to the whole life policy and adds a death benefit for each child covered, often with the option to convert that coverage to permanent insurance for the child later without new underwriting. This makes it the correct choice for adding coverage for children.

The other riders serve different purposes: a waiver of premium rider helps if the policyowner becomes disabled and doesn’t relate to adding coverage for children; a spouse term rider adds coverage on a spouse, not the owner's children; and a guaranteed insurability rider lets the insured buy additional insurance in the future at set times without proof of insurability, but it doesn’t directly provide coverage for children.