Which insurance policy allows for coverage without evidence of insurability after certain events?

The Guaranteed Insurability Rider is designed to allow policyholders to increase their insurance coverage without having to provide evidence of insurability after specific life events, such as marriage, the birth of a child, or other major life changes. This rider is particularly valuable because it protects the insured from potential increases in health issues that could make obtaining new coverage difficult or more expensive in the future. By including this rider in their policy, individuals can secure additional coverage at predetermined intervals without the need for medical underwriting, which enhances their financial planning flexibility.

This feature distinguishes it from other types of policies like Whole Life, Universal Life, or Term Life Insurance, which do not inherently offer coverage expansions post-event without additional requirements or restrictions. Therefore, the Guaranteed Insurability Rider is particularly relevant for anyone looking for security in their insurance coverage as their needs evolve over time.