What does the guaranteed insurability rider enable the insured to do?

The guaranteed insurability rider is a provision often found in life insurance policies that allows the insured to purchase additional amounts of insurance without having to provide evidence of insurability, such as medical exams or health questionnaires. This means that even if the insured’s health changes, they can still secure additional coverage at predetermined intervals or life events.

This rider is particularly beneficial for individuals who anticipate a need for increased coverage in the future, such as after significant life changes like marriage, the birth of a child, or when their income rises. It's designed to protect against the risk of being unable to obtain more insurance due to health issues that may arise later.

In the context of the choices provided, purchasing additional disability income coverage is closely aligned with the concept of increasing coverage protections, as it allows for more robust financial support in the event of a disability. However, the focus of the guaranteed insurability rider specifically pertains to increasing life insurance coverage rather than disability income directly.

The other options do not accurately describe the capabilities of the guaranteed insurability rider—such as the outright purchase of life insurance at any age, which isn't a restriction derived from the rider itself, nor does it specifically relate to increasing health coverage payouts or converting policy types. The rider