Question

17 with the help of her life insurance agent, sidney has determined that her current insurance needs are temporary and that $300,000 coverage is sufficient to meet those current needs. however, there is a possibility that those needs will grow as sidney plans on buying her first house in a few years and having children. which rider should she consider adding to her term life insurance policy? ohducxtangqlz9mvs81zjztk14q109 a. o payor waiver benefit rider b. o paid-up additions rider c. o extended term coverage rider d. o guaranteed insurability benefit rider ohducxtangqlz9mvs81zjztk14q109

Explanation:

To solve this, we analyze each rider:

• a. Payor waiver benefit rider: Usually for premium waiver if payor (e.g., parent) becomes disabled, not for increasing coverage needs. Eliminate.
• b. Paid - up additions rider: Allows adding permanent insurance, but Sydney's needs are temporary and may grow (not about adding permanent now). Eliminate.
• c. Extended term coverage rider: Converts cash value to term insurance, not related to future growth of insurance needs. Eliminate.
• d. Guaranteed Insurability benefit rider: Allows policyholder to buy additional insurance at specified times (like when buying a house, having children) without evidence of insurability. This matches Sydney's situation as her needs may grow in the future (buying house, having kids) and she can increase coverage then.

Answer:

d. Guaranteed Insurability benefit rider