Washington Life Producer Practice Exam

What kind of rider allows for the addition of a spouse and child to the primary insured's coverage?

1. Dependent rider

2. Spousal rider

3. Family term rider

4. Child rider

The correct answer is: Family term rider

The family term rider is designed specifically to extend coverage to a person's family members, allowing for the addition of both a spouse and children to the primary insured's life insurance policy. This rider enhances the policyholder's coverage by including dependents without requiring separate policies for each family member, which can simplify the management of life insurance and provide a broader safety net for loved ones. The key benefit of a family term rider is its comprehensive nature; it addresses the insurance needs of an entire family unit under a single rider, which can be more cost-effective than purchasing multiple individual policies. This group coverage typically provides a specified amount of life insurance for each dependent, ensuring that in the unfortunate event of a loss, the family remains financially protected. Other options, while related to dependent coverage, do not effectively cover both a spouse and children simultaneously in the same manner as a family term rider. For instance, a dependent rider may cover one specific type of dependent but lacks the inclusivity of the family term rider.