Guaranteed Insurability

A guaranteed insurability rider (GIR) gives a policyholder the right to purchase additional life insurance coverage at specified future dates — such as marriage, birth of a child, or policy anniversaries — without submitting to a new medical exam or proving insurability. The additional coverage is issued at standard rates based on attained age, regardless of any health changes that have occurred. This rider is typically available on permanent life insurance policies and must be added at the time of original issue. It is especially valuable for young, healthy policyholders who anticipate growing insurance needs but want to lock in their right to expand coverage even if their health deteriorates.