What type of rider allows for additional insurance coverage without a medical exam?

The guaranteed insurability rider is designed to provide policyholders with the option to purchase additional insurance coverage at specified times without having to undergo a medical exam. This is particularly beneficial for individuals who may experience changes in health that could make obtaining insurance more difficult or expensive later on. The rider typically allows the insured to increase their coverage at milestones such as marriage, the birth of a child, or other significant life events.

This feature offers a sense of security, as it ensures that individuals can adjust their coverage in response to changing needs without the added stress of potential health complications affecting their insurability. By including this rider in a life insurance policy, insured individuals can secure additional coverage while maintaining peace of mind regarding their future health status and insurance eligibility.