A person wanting greater coverage for the least amount of premium has the option of attaching which rider to their permanent life policy?

When considering the need for greater coverage at a lower premium cost, the term insurance rider stands out as the most beneficial option. This rider allows the policyholder to add a specified amount of term life insurance to their permanent life insurance policy, effectively increasing the coverage without significantly increasing the overall premium.

Term insurance typically offers a higher death benefit for a lower cost compared to permanent insurance because it is designed to cover a specific period. Therefore, when a person attaches a term insurance rider to their permanent life policy, they gain additional coverage that can meet their needs for a limited time or specific life events, all while managing the associated costs.

The other riders mentioned do not offer the same level of cost-effective additional coverage. For example, the waiver of premium provides a benefit that protects the policy from lapsing if the policyholder becomes disabled, but it does not increase the face amount of the policy. The guaranteed insurability rider allows policyholders to purchase additional coverage at specific times without evidence of insurability, but this can lead to higher premiums and may not be as cost-effective for immediate coverage needs. Lastly, the accidental death rider provides an additional benefit only in the case of accidental death, which may also not provide the comprehensive coverage desired for everyday life