Life Insurance Learning Center - Life Insurance Riders
Guaranteed Insurability Rider
If you want this rider, make sure that you include it in your life insurance quote.
This rider allows a policy owner to purchase additional life insurance coverage in the future without providing evidence of insurability.
This rider provides specific dates on which additional life insurance policies can be bought. The policy owner can only transact during these days. Usually, the older the insured gets, the fewer dates the policy owner has to purchase more life insurance. In some instances, after a certain age, the rider may not be able to be purchased or added.
The option amount is the most life insurance a policy owner can buy on the specified date (option date). The policy owner can buy the option amount or less on the option date, or none at all. However, the option amounts cannot be added from one option date to another.
This is a worthwhile investment to include in a life insurance quote if you know that your health might change in the future, or if you have medical problems in your family. Obtain a free life insurance quote from us and see how we can make this work for you.
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