New Jersey Life Insurance Exam Practice Question
Which rider allows the wife of the insured to be added to the primary insured's coverage?
Correct Answer: A
Rationale: The Spouse Term Rider specifically allows for the addition of the insured's spouse to the primary policy, providing coverage tailored to their needs.
The Family Income Rider, on the other hand, focuses on providing a monthly income benefit to the insured's beneficiaries, rather than adding coverage for a spouse.
The Decreasing Term Rider is designed to provide coverage that diminishes over time, typically for loans or mortgages, and does not extend coverage to a spouse.
Lastly, the Cost of Living Rider adjusts the policy's benefits to keep pace with inflation, but it does not include provisions for adding a spouse.
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