Question

The Guaranteed Insurability Rider allows an immediate move up to the next option when...

A. The insured turns a specific age, such as 25 or 30.
B. The insured experiences a major health crisis.
C. The insured requests it at any time.
D. The policyholder's favorite sports team wins a championship.

Answer 1

The Guaranteed Insurability Rider allows an increase in coverage when the insured reaches a certain age, typically at major milestones like 25 or 30 years old.

Step-by-step explanation:

The Guaranteed Insurability Rider is an insurance policy feature that allows the policyholder to increase the amount of coverage without providing further proof of insurability at specific points in time. These points often include life events such as reaching a certain age, getting married, or having a child. The correct answer to when an immediate move up to the next option is allowed under this rider is A. The insured turns a specific age, such as 25 or 30. This is because it is one of the predefined events that trigger the availability of increased coverage.