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The rider allows the policy-owner to increase coverage without evidence of insurability during specified option periods. It is designed for younger insurance buyers who know they will need more coverage later and want to lock in its availability now. The Rider is not available if the policy is rated.
FlexLife II – GIR Rider Specifications:
Issue Ages: 0 - 37
Minimum Amount: $5,000
Maximum Amount: Lesser of Base Policy Face Amount OR $50,000
NL FlexLife II – GIO Rider Specifications:
Issue Ages: 0 - 39
Minimum Amount: $25,000
Maximum Amount: 2 X Base Policy Face Amount but not to exceed:
Ages 0 – 24 $50,000
Ages 25 – 27 $60,000
Ages 29 – 30 $75,000
Ages 31 – 39 $100,000