What does the Guaranteed Insurability Rider (GIR) allow an insured to do?

The Guaranteed Insurability Rider (GIR) is primarily designed to provide policyholders with the ability to purchase additional life insurance coverage at predetermined times in the future without needing to provide evidence of insurability. This means that as individuals experience life changes, such as marriage, having children, or other significant financial responsibilities, they can increase their coverage without the need for a medical examination or health questions.

This rider is particularly valuable because it protects against potential future health issues that could make obtaining additional coverage more difficult or expensive. The commitment to offer additional coverage regardless of the insured's health status gives peace of mind, ensuring that individuals can adjust their life insurance policies to match their evolving needs over time.

While the other options mention modifying coverage, reducing premiums, or increasing benefits, they do not align with the specific purpose and features of the Guaranteed Insurability Rider, which focuses solely on the ability to secure more coverage without health-related hurdles.