California Insurance License Exam Practice Test Practice Question
The guaranteed insurability rider provides that the policyowner can purchase more insurance
Correct Answer: B
Rationale: The guaranteed insurability rider allows the policyowner to purchase additional insurance on their own life at specified ages without needing to provide proof of insurability. This feature is valuable as it ensures coverage can be increased even if the policyowner’s health declines.
Option A is incorrect because it refers to dependents rather than the policyowner themselves. Option C is wrong since it states that the policyowner must be insurable, which contradicts the rider's purpose. Option D suggests unlimited timing for purchases, which is inaccurate; the rider only applies at specific ages, not anytime.
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