Question

The rider that you would pick if you want to be able to add coverage in the future, without having to show proof of insurability:

A) Guaranteed Insurability Rider
B) Accidental Death Benefit Rider
C) Waiver of Premium Rider
D) Return of Premium Rider

Answer 1

The rider that allows you to add coverage in the future without proof of insurability is the Guaranteed Insurability Rider. For example, if a policyholder wants to increase their life insurance coverage in the future, they can do so with the Guaranteed Insurability Rider without having to provide proof of their insurability.

Step-by-step explanation:

The rider that allows you to add coverage in the future without having to show proof of insurability is the Guaranteed Insurability Rider. This rider allows the policyholder to increase the amount of coverage at specified intervals or life events, such as marriage or the birth of a child, without the need for additional underwriting or medical exams. For example, if a policyholder wants to increase their life insurance coverage in the future, they can do so with the Guaranteed Insurability Rider without having to provide proof of their insurability.

This rider allows the policyholder to increase the amount of coverage at specified intervals or life events, rider that allows you to add coverage in the future without proof of insurability is the Guaranteed Insurability Rider. For example, if a policyholder wants to increase their life insurance coverage in the future, they can do so with the Guaranteed Insurability Rider without having to provide proof of their insurability.