Which is true about additional disability coverage under the Guaranteed Insurability Rider?

The statement that additional disability coverage under the Guaranteed Insurability Rider must be purchased at future policy anniversary dates is accurate. This rider allows the policyholder to secure additional coverage when they have an increase in income or when there are changes in their life circumstances that may necessitate more coverage. The right to purchase this additional coverage is typically available on specific policy anniversary dates, ensuring that the policyholder can adjust their coverage as needed over time.

This aspect of the Guaranteed Insurability Rider is designed to provide flexibility to the insured, allowing them to respond to their evolving financial situation without undergoing further medical underwriting, which can be beneficial if their health status changes. The rider ensures that individuals can maintain adequate coverage as their needs grow, reinforcing the importance of proactive financial planning in life insurance policies.