Sentences with phrase «called guaranteed insurability riders»
Such provisions, called guaranteed insurability riders or guaranteed purchase options, provide for the purchase of additional insurance at certain times in the future, regardless of any changes in health.
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If added to the purchase of your insurance policy, the guaranteed insurability rider (also called an additional purchase option) guarantees your policy's renewability at the end of its term.
A guaranteed insurability rider, also called a GI rider, is a life insurance rider which allows the owner of a life insurance policy to buy additional life insurance with no underwriting.
The first has a few different names, but it's typically called a guaranteed insurability, additional purchase, or renewal provision rider.
This rider is called the Guaranteed Insurability Option Rider.