Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called a(n) ?

• A. Guaranteed insurability rider
• B. Waiver of premium rider
• C. Disability rider
• D. Accidental death rider

Answer: (A)

The feature being tested is the ability to buy more life insurance later without proving you’re still insurable. That’s the guaranteed insurability rider. It lets Barbara add higher coverage at predetermined times or after certain life events without new medical exams, with the added amounts limited to a stated maximum. The premiums for any added coverage reflect Barbara’s age at the time of purchase, not her health history since the original policy. This rider is useful if health declines later but you still want to increase coverage.

The other riders do different things: a waiver of premium stops premium payments if the insured becomes disabled; a disability rider adds protection related to disability but isn’t about guaranteeing future insurability; and an accidental death rider pays an extra benefit only if death results from an accident.