Life Policy ProvisionsQuestion 174 of 716
The Guaranteed Insurability rider (GIR) primarily allows the insured to do which of the following?
a.Convert the policy to a lifetime income annuity at retirement without paying any surrender charge
b.Borrow against the policy's cash value at any time with no loan interest charged to the policyowner
c.Receive a full cash refund of all premiums paid at the policy's tenth anniversary
d.Buy additional life insurance at specified ages or events without evidence of insurability
Explanation
A Guaranteed Insurability rider gives the insured option dates (often every three years up to a certain age) and life events (such as marriage or birth of a child) on which additional permanent life insurance can be purchased without new medical underwriting.
Law Reference: Cal. Ins. Code §10271This topic, taught in full in the California Life & Health Insurance Producer Exam guide. California Life & Health Insurance Producer Exam — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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Related questions on this topic
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)