Which of the following is a common life insurance rider?

• A. Waiver of premium rider
• B. Adjustable death benefit rider
• C. Mortgage protection rider
• D. Variable annuity rider

Answer: (A)

Riders are optional enhancements added to a life insurance policy to broaden or modify its benefits. The most common rider is the waiver of premium. It protects the policy from lapsing if the insured becomes totally disabled and cannot work, because the insurer waives future premium payments while the disability lasts. This keeps the life coverage active even when income is interrupted, which makes it a standard, widely offered add-on.

Other options describe features that exist in some policies but are less universally provided. An adjustable death benefit rider allows changes to the death benefit over time, which is a less typical feature across all policies. A mortgage protection rider targets paying off a mortgage if the insured dies or becomes disabled, which is more specialized. A variable annuity rider isn’t a life insurance rider at all; it relates to annuity products with investment options.