What is the life insurance rider called that allows purchasing more insurance as you age without evidence of insurability?

• A. Renewable Term Rider
• B. Guaranteed Insurability Rider
• C. Disability Income Rider
• D. Cost-of-Living Rider

Answer: (B)

The concept being tested is how some life insurance riders protect your ability to buy more coverage later without showing you’re still insurable. The rider that does this is the Guaranteed Insurability Rider. It lets you purchase additional life insurance at specific future dates or life events (like birthdays or the birth of a child) without having to prove your health again. You pay premiums on the new amount based on your age at the time you exercise the option, and there’s usually a maximum additional amount you can buy.

This differs from a Renewable Term Rider, which focuses on continuing term coverage and may involve renewal rules or underwriting at renewal rather than a no-evidence option to add more coverage. A Disability Income Rider provides benefits if you become disabled, not extra life insurance. A Cost-of-Living Rider increases the death benefit to keep up with inflation, not the insurability aspect of adding coverage later.