Policy Riders, Provisions, Options, and Exclusions
A family has a children's rider that covers eligible children at one premium rate. They later adopt another eligible child. Which rider feature may apply?
Answer and explanation
Answer: B. Children's riders are commonly offered at one premium rate and may include newborn and adopted children without an increased rider premium. Eligibility and effective-date terms in the contract still govern.Source: New York State Department of Financial Services — Life Insurance Information for Consumers — Optional Riders & Supplemental Benefits > Children's Rider
More policy riders, provisions, options, and exclusions questions
- A return of premium rider is attached to a permanent life policy. What does the rider add to the amount payable at the insured's death?
- A scheduled-premium life policy's grace period expires without payment, and no nonforfeiture or automatic-loan protection continues coverage. What follows?
- A terminally ill insured accelerates part of a policy's death benefit. What should the beneficiary expect at the insured's later death?
- A Texas individual life premium is overdue, but the insured dies during the policy's usual 31-day grace period. What is the usual claim result?
- A Texas life policy has remained in force for more than two years. A claim is filed based on information from the original application. What is the ordinary effect of the incontestability period?
- A universal life owner wants to vary the timing and amount of premium payments. Which condition remains essential?
590 Texas questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.