When does a Guaranteed Insurability Rider allow the insured to buy additional coverage?

The Guaranteed Insurability Rider is a feature that allows the policyholder to purchase additional life insurance coverage at certain specified future dates without needing to provide evidence of insurability. This means that regardless of any changes in health status or other personal circumstances that might normally affect insurability, the insured can exercise this option during the predetermined times outlined in the policy.

Typically, these future dates may coincide with specific life events, such as marriage, the birth of a child, or at certain age milestones. This feature is particularly beneficial as it provides the insured with peace of mind and flexibility, ensuring that they can increase their coverage as their needs grow over time without facing potentially restrictive underwriting processes.

The other options do not accurately reflect how the Guaranteed Insurability Rider functions. For example, the rider does not limit additional coverage purchases solely to the initial policy purchase date or allow for requests at any time, nor does it hinge on critical illness diagnosis. Hence, the clarity and utility of this rider in allowing health-unimpeded coverage increases at specified times make the first option the right answer.