Question 2

Spouse Term Rider allows the wife of the insured to be added to the primary insured's coverage.

The Spouse Term Rider is specifically designed to extend coverage to the spouse of the primary insured, ensuring they are protected under the same policy.

A) Spouse Term Rider.

This option is correct because the Spouse Term Rider explicitly permits the addition of the spouse to the primary insured’s coverage, providing them with life insurance benefits. It is a common feature in life insurance policies aimed at ensuring that both partners are financially protected.

B) Family Income Rider.

The Family Income Rider is not designed to add a spouse to coverage; instead, it provides a specified amount of income to the family in the event of the primary insured's death. This option focuses on income replacement rather than extending coverage to another individual.

C) Decreasing Term Rider.

The Decreasing Term Rider is intended to provide decreasing coverage over time, typically linked to a loan or mortgage. It does not facilitate adding a spouse to the primary insured's policy, making it irrelevant to the question asked.

D) Cost of Living Rider.

The Cost of Living Rider adjusts the coverage amount based on inflation but does not address the addition of a spouse to the policy. This option is focused on maintaining the value of the coverage rather than expanding the insured parties.

Conclusion

The Spouse Term Rider is the only option that directly allows for the inclusion of the spouse under the primary insured's coverage, making it the definitive correct choice. All other options serve different purposes that do not align with the requirement of adding a spouse to the policy.