What is the purpose of an "increase in coverage rider"?

The purpose of an increase in coverage rider is to allow policyholders to increase the insured amount without undergoing additional medical underwriting. This feature offers flexibility and convenience, enabling individuals to adjust their coverage as their needs change—such as through changes in income, responsibilities, or life events like marriage or having children—without the added stress and potential costs of a new medical examination. This rider is beneficial for those who may not want to or be able to provide medical evidence again, and it provides peace of mind that their coverage can evolve alongside their life circumstances.