Tennessee Life Producer Practice Exam 2026 – Complete Study Resource

Adding additional coverage to a Whole Life policy can typically be achieved through the option of adding a decreasing term rider. This rider provides a form of temporary or additional coverage that can be adjusted in line with the policyholder's needs, such as for specific debts or obligations that decrease over time.

Whole Life insurance primarily focuses on providing lifelong coverage with a death benefit and cash value accumulation. A decreasing term rider supplements this by offering additional coverage that decreases in value over the duration of the rider. This can be beneficial for policyholders who need extra protection at certain stages of their life, for example, while paying off a mortgage.

In contrast, other methods mentioned, such as investing in stocks or purchasing a new policy, do not directly modify the existing Whole Life coverage. Converting to a Universal Life policy involves changing the type of life insurance altogether, which fundamentally alters the terms and benefits of the coverage but doesn’t specifically increase the coverage of the existing Whole Life policy. Thus, the ability to adjust coverage seamlessly by adding a rider is what makes this option particularly suitable for those looking to enhance their existing Whole Life policy.