Question

Sometimes an insurance rider is needed for a non-family member such as a key employee in an organization. Which of the following riders would be used in this circumstance?

Answer 1

The key person insurance rider is used when an insurance rider is needed for a non-family member such as a key employee in an organization.

Step-by-step explanation:

When an insurance rider is needed for a non-family member such as a key employee in an organization, the key person insurance rider is often used.

This rider is designed to provide additional coverage for the loss of a key employee who plays a critical role in the company's success.

By adding this rider to the insurance policy, the organization ensures that they can financially recover and continue operations in the event of the key employee's death or disability.