What Does Optional Life Insurance Cover?

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    David RacichPRO
    Fountain Hills, Arizona
    Assuming you mean guaranteed insurability option, you can purchase a rider that gives you the choice to purchase additional life insurance without medical proof. This can be a very valuable option, just like leasing a house with the option to buy. If the value of the house goes up, you can exercise the option to buy. If it goes down you don’t exercise the option. If you need more insurance later on you can exercise the option to purchase more insurance without medical underwriting. 
     
    Answered on June 22, 2013
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