A rider is an amendment to an insurance policy that modifies its coverage. In the context of life insurance, thefamily rider(also known as a family term rider) provides term life insurance coverage for the insured’s spouse and children under the primary insured’s policy. This rider is commonly offered to extend protection to family members without requiring separate policies.
Option A: Incorrect. The payor benefit rider waives premiums if the policyowner (often a parent) becomes disabled or dies, typically used in juvenile policies. It does not provide coverage for family members.
Option B: Correct. The family rider adds term life coverage for the insured’s spouse and children, ensuring they are protected under the same policy.
Option C: Incorrect. The jumping juvenile rider increases the death benefit of a juvenile policy at a specified age (e.g., 21) without additional underwriting. It applies only to the child, not the spouse.
Option D: Incorrect. The guaranteed insurability rider allows the insured to purchase additional coverage at specified intervals without proving insurability, but it does not cover family members.
This question falls under the Prometric content outline section on “Provisions, Options, Exclusions, Riders, Clauses, and Rights,” which includes knowledge of life insurance riders.
[:, Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: General Knowledge – Life Insurance Riders)., Oklahoma Insurance Department, Title 36 O.S. § 4001 et seq. (life insurance policy provisions)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., ]
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