Texas Life Agent Practice Exam

What rider should Jim add to his life insurance policy to include his new spouse?

1. Family rider

2. Other insured rider

3. Dependent rider

4. Accidental death benefit rider

The correct answer is: Other insured rider

Adding an Other Insured rider to a life insurance policy is the most appropriate choice for including a new spouse. This rider allows the insured to extend coverage to another individual, in this case, the spouse, under the same policy. By doing so, the life insurance policy can provide a death benefit for the spouse as well, ensuring financial protection for both parties. This rider is beneficial for couples who want to secure their financial well-being together with one policy, instead of needing separate policies for each person. The Family rider typically provides coverage for multiple family members, which might sound suitable but is not as specific as the Other Insured rider for adding a spouse. The Dependent rider is designed for covering children or dependents, hence it has a different purpose entirely. Lastly, the Accidental Death Benefit rider is intended to provide additional coverage in the event of death due to an accident, and it does not specifically add another insured person to a policy. Therefore, the Other Insured rider is clearly the best option for Jim to include his new spouse in his life insurance coverage effectively.