Which coverage can be added to a Whole Life policy?

A Whole Life policy is designed to provide coverage for the insured's entire life, along with a savings component that accumulates cash value. Adding a rider to a Whole Life policy allows for customization based on the policyholder's needs.

The decreasing term rider is a common choice that aligns well with Whole Life policies. This rider provides additional term life insurance coverage that decreases over time, which is often useful for individuals who anticipate needing less life insurance coverage as their financial obligations diminish, such as mortgage payments or children's education costs.

In contrast, the increasing term rider typically provides coverage that increases over time, which may not necessarily complement the fixed nature of Whole Life policies. The whole life term rider suggests a hybrid structure that isn't standard and doesn’t reflect the usual terminology associated with Whole Life coverage. A variable universal rider, while providing flexibility, applies primarily to variable universal life policies rather than Whole Life policies.

Therefore, the ability to integrate a decreasing term rider logically fits with the overall structure and purpose of a Whole Life policy, enabling the policyholder to adjust the level of protection as financial circumstances change.