Guaranteed Insurability Rider provides?

• A. Premium waivers for disability
• B. Cash value increases automatically
• C. The right to purchase additional insurance at attained age without proving insurability
• D. Waives premiums for the policy owner for life

Answer: (C)

Guaranteed insurability allows you to add more life insurance later without having to prove you’re still insurable. The value is that, as you reach certain attained ages or trigger events, you can purchase additional coverage without medical underwriting, protecting you if health declines or underwriting would otherwise be a barrier. The option is exercised at those specified ages or events, and you pay premiums based on your age at that time. This rider does not automatically increase cash value, nor does it waive premiums for disability or cover the policy owner for life. So the essence is the right to buy extra insurance at attained ages without proving insurability.