Tennessee Life Producer Practice Exam

The child term rider is a specific add-on feature to a whole life insurance policy that provides coverage specifically for the policyholder's children. This rider allows for insurance coverage on the children at a predetermined, lower premium, which can cover debts or provide financial assistance in the event of the child's unexpected death.

This type of rider typically offers coverage for a specified term, often up until the child reaches a certain age, with the option to convert to a permanent policy without additional underwriting if desired. This makes it an appealing choice for parents looking to ensure their children's financial security alongside their own life insurance.

Other options such as an accidental death rider, whole life rider, or funeral expense rider do not specifically provide the same direct coverage exclusively for children. Instead, an accidental death rider typically pays an additional benefit if the insured's death is due to an accident, while a whole life rider is not a commonly recognized term in this context. A funeral expense rider is focused on covering burial expenses and does not cover children specifically. Therefore, the child term rider is uniquely tailored to provide coverage for children under a whole life policy.