Question

after getting married, an insured decided to increase the face amount of his existing life insurance policy. which of the following policy features allows the purchase of higher limits without evidence of insurability? a. nonforfeiture option b. spouse term rider c. guaranteed insurability rider d. consideration clause

Explanation:

A guaranteed insurability rider allows the policy - holder to increase the face amount of a life insurance policy at specified times without providing evidence of insurability. Non - forfeiture options deal with what happens when a policy lapses. A spouse term rider is for insuring a spouse. The consideration clause is about the premium paid for the policy.

Answer:

C. Guaranteed insurability rider