If an insured does not exercise the option to increase coverage under a guaranteed insurability rider, what is the result?
A) The coverage will not change and the option automatically expires.
B) The policy is canceled.
C) The insurer automatically increases the coverage, per the amount stated in the option.
D) The premiums on the underlying policy are lowered proportionately because no increase in insurance coverage was purchased."
Ans: A) The coverage will not change and the option automatically expires.
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