What does a guaranteed insurability rider allow an individual to do?

A guaranteed insurability rider allows an individual to purchase additional life insurance coverage at specified times in the future without having to provide evidence of insurability, meaning that their health status at the time of exercising this option does not affect their ability to obtain the coverage. This feature is particularly beneficial as it provides individuals the opportunity to secure more life insurance as their needs change over time, such as when they marry, have children, or take on new financial obligations, all while not having to undergo medical underwriting.

This rider is designed to provide peace of mind that coverage can be expanded as life changes occur. By ensuring that one can buy additional insurance regardless of any health issues that may arise later, it mitigates the risk of being uninsurable due to health conditions that could develop over time.