Which of the following policy features allow the insured to increase coverage periodically without showing proof of insurability?
A) Multiple indemnity clause
B) Guaranteed purchase options
C) Disability clause
D) Paid-up insurance option
E) Extended-term option

Question

Quizplus · Accepted Answer

Guaranteed purchase options allow the insured to increase coverage periodically without showing proof of insurability. This feature is also sometimes called a "future insurability option."

Which of the Following Policy Features Allow the Insured to Increase