Which rider would add coverage for a child to a parent's life insurance policy?

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

Answer: (D)

Riders are add-ons that tailor a life policy, and to provide protection for dependent children, the rider used is a child term rider. This rider attaches to the parent’s policy and provides term life coverage for the insured’s children, typically for a set period and amount. It’s designed specifically to extend protection to offspring, often with options to convert that coverage to permanent insurance for the child later without new underwriting.

The other riders aren’t about adding child coverage: a spouse rider would cover a spouse, not a child; a guaranteed insurability rider gives the option to buy more coverage in the future without evidence of insurability but doesn’t add child coverage; and a waiver of premium rider waives premiums if the insured becomes disabled, without increasing coverage for a child.