Riders Flashcards
1
Q
What does an impairment rider exclude in a health insurance policy?
A
An impairment rider excludes specific pre-existing conditions, allowing the insured to obtain coverage at a reasonable cost while excluding coverage for conditions that are considered higher risk.
2
Q
How does a guaranteed insurability rider benefit the policyholder?
A
It allows the policyholder to purchase additional coverage at specific future dates or life events without evidence of insurability, with premiums adjusted based on their attained age.
3
Q
A
