Life Policy ProvisionsQuestion 174 of 315
The Guaranteed Insurability rider (GIR) primarily allows the insured to do which of the following?
a.Convert the policy to an annuity at retirement
b.Borrow additional cash value without interest
c.Receive a refund of premiums 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 §10271Practice all 315 questions free — no signup required.
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Sen Lin, PrepPass Founder · 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)