Finance Quick Answers
What does "guaranteed insurability" mean in an insurance policy?
A guaranteed insurability rider means that the policyholder may buy additional amounts of insurance in stated amounts without proving insurability. A guaranteed insurability rider is generally not available after age 40.
Brenda Procter, M.S., Consumer and Family Economics, College of Human Environmental Sciences, University of Missouri-Columbia
If you'd like to learn more about this and other personal finance topics, the University of Missouri offers 'Personal & Family Finance,' a correspondence course, through the Center for Distance and Independent Study (800-609-3727). Information about this course is available at http://cdis.missouri.edu/CourseInfo/DetailCourseInfo.asp?1985.
Last update: Monday, July 21, 2008