PSI Ohio Insurance Practice Exam 2026 – All-in-One Guide to Exam Success

The correct choice, which is the Future Increase Option, is designed to provide policyholders with the ability to adjust their disability income coverage as their income and needs grow, without being required to prove insurability at the time of the increase. This is particularly valuable for individuals whose financial circumstances may change over time, allowing them to secure additional coverage simply by exercising the option as specified in their policy.

This rider typically outlines certain terms, such as the frequency at which increases can be made and the limits on the amount of additional coverage available. By eliminating the need for underwriting or medical examinations each time coverage is increased, it offers peace of mind and simplifies the process of securing adequate financial protection in case of disability.

Other types of riders, like the waiver of premium rider, offer different benefits related to premium payments during a disability period, while the guaranteed insurability rider also allows one to obtain additional coverage without proving insurability but usually does so based on specific scheduled intervals or life events. The accidental death rider provides additional benefits in the event of death resulting from an accident, which is unrelated to the context of increasing disability income coverage.