What does the Guaranteed Insurability rider allow an insured to do?

The Guaranteed Insurability rider is primarily designed to allow an insured individual to purchase additional specified amounts of insurance coverage without needing to provide evidence of insurability. This feature is particularly valuable as it ensures that even if the insured's health deteriorates, they will still have the opportunity to increase their coverage under certain conditions, typically at standard premium rates.

This means that the insured can acquire new insurance amounts at predefined intervals or life events—such as marriage, the birth of a child, or reaching certain ages—at rates that are determined based on the initial health status when the original policy was issued, rather than their current health situation. Hence, the described capability relates directly to the ability to buy specified amounts of insurance at standard premium rates, securing valuable coverage without undergoing the traditional underwriting process again.

The other options imply limitations or prerequisites that do not align with the function of this rider, such as needing a previous policy or age restrictions, both of which are not typical conditions for exercising the Guaranteed Insurability rider.