LLQP (Life Licence Qualification Program) Practice Exam · Question
Which rider on a life insurance policy allows the insured to purchase additional insurance at future dates without proving insurability?
The Guaranteed Insurability Rider (or Benefit) allows the policyowner to buy specified amounts of additional life insurance on specific future dates, without ne
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Question: Which rider on a life insurance policy allows the insured to purchase additional insurance at future dates without proving insurability?
Answer options:
- Waiver of Premium Rider.
- Accidental Death Rider. ✅ Guaranteed Insurability Rider.
- Term Conversion Rider.
Correct answer: Guaranteed Insurability Rider.
Explanation: The Guaranteed Insurability Rider (or Benefit) allows the policyowner to buy specified amounts of additional life insurance on specific future dates, without needing to provide new evidence of good health.
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- A life insurance policy that offers lifelong coverage, a guaranteed death benefit, and a savings component tha
- Group benefits in Canada commonly include:
- Sarah, a 35-year-old marketing professional in Ontario, purchases a participating whole life insurance policy
- Mark, a 45-year-old business owner in British Columbia, has a Universal Life policy with a Level Cost of Insur
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