Which of the following is an important rider for a young person who is not sure of their future life insurance needs?

Question

Quizplus · Accepted Answer

Guaranteed insurability rider allows the policyholder to purchase additional coverage at a later date regardless of their health status or other factors. This is particularly important for young people who may not be sure of their future life insurance needs. It provides flexibility and allows them to increase their coverage as their needs change without having to go through the underwriting process again. Waiver of premium, accidental death, and term riders are all important in their own right, but do not provide the same level of flexibility or future-proofing as the guaranteed insurability rider.

Which of the Following Is an Important Rider for a Young