Arkansas Life and Health Insurance Practice Exam

Question: 1 / 400

The premium charged for new policies obtained by exercising the Guaranteed Insurability Rider is based upon the:

Age at issue

The premium charged for new policies obtained by exercising the Guaranteed Insurability Rider is based on the age at issue. This means that the premium will be calculated based on the insured's age at the time of purchasing the new policy, not the current age or any medical exam results. This rider allows the policyholder to increase coverage in the future without providing proof of good health, making it a valuable option for individuals who may anticipate needing more coverage as they age.

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Attained age of the insured

Initial policy's premium

Medical exam results

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