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 allows the primary insured's spouse to be included in the insurance coverage, providing additional protection for the family. This rider specifically addresses the needs of spouses, ensuring they are financially safeguarded.
The Family Income Rider, while beneficial, focuses on providing income replacement for dependents rather than directly covering a spouse. The Decreasing Term Rider is designed for specific debts, reducing coverage over time, and does not extend to spouses. Lastly, the Cost of Living Rider adjusts benefits for inflation but does not add coverage for a spouse. Thus, only the Spouse Term Rider directly addresses the inclusion of a spouse in the policy.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now