Respuesta :
A guaranteed insurability rider provide the option to gradually raise coverage without providing proof of insurability to a disability income policyowner.
The insured may progressively enhance the amount of benefits provided under the policy with the aid of a Guaranteed Insurability rider.
What is a guaranteed insurability rider?
- The guaranteed insurability (GI) rider, which is available on some life insurance policies, enables you to add more coverage at predetermined future dates (subject to minimums and maximums) without having to undergo a medical examination or respond to health-related questions.
- The standard guaranteed insurability rider enables you to buy insurance on the anniversary of your initial policy every three or five years.
- For policyholders up to the age of 55, certain insurers will accept a guaranteed insurability rider, with the option to extend coverage until the age of 60.
Learn more about GI here:
https://brainly.com/question/14330004
#SPJ4
