What Is Guaranteed Insurability?

The Guaranteed Insurability Benefit Rider guarantees the policy owner the right to purchase additional permanent life insurance policies without evidence of insurability. On each option date specified in the contract, Nationwide will permit the purchase of an additional life insurance policy.

What is guaranteed insurability rider based on?

Since the guaranteed insurability rider lets you buy additional life insurance based on the information from your original underwriting report, your premiums will go up based on your coverage increase, but not due to any health or lifestyle changes.

What is the advantage of guaranteed insurability benefit?

From age 24 to 45, Guaranteed Insurability Benefit empowers you to purchase, on the life of the insured, who is the person protected under the Basic Plan, without any further medical questions or checkup, designated Sun Life participating life or endowment plans with a Sum Assured up to the Sum Assured of this rider ...