guaranteed insurability rider
- guaranteed insurability rider
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A rider attached to a life insurance policy at time of issuance, permitting the insured to obtain, without medical examination, policies of life insurance, subject to limitation upon amount contained in the rider. Otherwise known as purchase option rider.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
purchase option rider — Same as guaranteed insurability rider … Ballentine's law dictionary
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
