New Jersey Life Producer Practice Exam

Question: 1 / 400

Which policy feature ensures the insured can increase coverage without evidence of insurability?

Disability Waiver

Guaranteed Insurability Option

The feature that allows the insured to increase coverage without providing evidence of insurability is the Guaranteed Insurability Option. This option is essential for policyholders who anticipate a future need for increased coverage due to various life events such as marriage, childbirth, or increased income. By exercising this option, the insured can add additional coverage at specified times or events without undergoing a medical examination or proving that they are still insurable.

This feature is particularly valuable because it locks in the insured's ability to increase their insurance protection regardless of any changes in their health status. It adds a level of flexibility and security to the policy, allowing individuals to adapt their insurance to better fit their evolving circumstances throughout their lives.

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Conversion Privilege

Additional Insured Rider

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