What benefit does a rider provide in terms of insurance policies?

A rider is an additional provision or amendment that can be added to an insurance policy, enhancing the existing coverage or providing special benefits. When specifically referring to the benefit of allowing for additional insurance purchases without proof of insurability, it means that policyholders can increase their coverage without needing to go through the standard underwriting process that usually assesses health status and risk.

This is significant because it provides flexibility and convenience, especially for policyholders who may be concerned about changes in their health that could affect their ability to obtain further coverage in the future. By including such a rider, the insured can secure additional protection without the usual inquiries or delays that might come with a standard application process, effectively enhancing their overall coverage and peace of mind.

In contrast, the other options do not accurately reflect the primary function of riders in insurance policies. While some riders might be associated with increased premiums or different types of coverage, their principal advantage often lies in facilitating expansions of coverage under more favorable conditions for the insured.