Guaranteed Insurability Rider: Future-Proofing Your Permanent Life Coverage

Financial needs change dramatically over a lifetime. You might buy your first Whole Life policy when you are young and healthy, but five years later, you are married with a mortgage and a new child—all requiring significantly more coverage. The **Guaranteed Insurability Rider (GIR)** solves this dilemma.

The Benefit of Guaranteed Purchase Options

The GIR is an add-on that grants the policyholder the right to purchase specified amounts of **additional life insurance coverage** at predetermined times or following certain life events, without any need for a new medical exam or evidence of insurability.

When You Can Increase Your Coverage (Option Dates):

This rider is invaluable because it removes the risk of becoming uninsurable due to a decline in health. Common “Option Dates” include:

• Specific Policy Anniversaries (e.g., every three or five years).
• Reaching Certain Ages (e.g., 25, 30, 35, up to a maximum age).
• Qualifying Life Events (e.g., marriage, the birth or adoption of a child, or purchasing a home).

Strategic Use with Whole Life

Young, healthy individuals who anticipate growing financial responsibilities often find the GIR a perfect fit for a Whole Life policy. It allows them to start with an affordable base policy and expand the guaranteed, permanent coverage as their needs (and income) increase, securing future protection at their original health rating.

Disclaimer: This content is for informational purposes only and is not financial or legal advice. Consult a qualified professional before making any financial decisions.