Texas Life Agent Practice Exam

If a client wants to add $25,000 in Term coverage for their spouse to an existing $50,000 Whole Life policy, which rider is appropriate?

1. Spouse rider

2. Term rider

3. Other Insured Rider

4. Family protection rider

The correct answer is: Other Insured Rider

When considering adding coverage for the spouse to an existing whole life policy, the appropriate choice is the Other Insured Rider. This rider specifically allows the policyholder to insure another individual, such as a spouse, under the primary policy. The Other Insured Rider provides the requested additional term coverage of $25,000 for the spouse, which complements the base policy owned by the primary insured. The Spouse Rider generally allows coverage for a spouse, but it might not provide the exact amount requested in a flexible way that suits the client’s need. A Term rider could also potentially add term coverage, but it is typically used to provide temporary life insurance on the main insured's life, rather than adding coverage for the spouse. The Family Protection Rider is designed to provide coverage to all eligible family members, but it might not specifically allow for the addition of a defined amount like the $25,000 term coverage in this case. Therefore, the Other Insured Rider is the most suitable option for adding coverage specifically for a spouse.