The Guaranteed Insurability Rider (GIR): Securing Future Permanent Coverage

The **Guaranteed Insurability Rider (GIR)** is a valuable rider for young policyholders who anticipate future financial growth or family expansion but want to secure their right to purchase more permanent insurance without future medical exams.

How the GIR Works

The GIR allows the policyholder to purchase specified additional amounts of permanent life insurance (often equal to the original face amount) at pre-determined future dates or upon specific life events, such as marriage or the birth of a child. Key benefits:

• **No New Medical Exam:** The new, additional policy is issued using the policyholder’s original (and typically best) health rating, regardless of any health decline since the original purchase.
• **Option to Purchase:** The policyholder is not obligated to buy the additional coverage but has the contractual *right* to do so.

Disclaimer: This content is for informational purposes only and is not financial or legal advice. The GIR usually has age limits (e.g., must be exercised before age 40) and maximum purchase limits; review the specific terms carefully.