An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and/or daughter. One way the insured can accomplish this goal is to purchase a

A family income rider is intended to provide a monthly income benefit to the insured's beneficiaries for a specified period after the insured's death. While it offers financial support, it does not provide direct coverage for minor children, making it unsuitable for the goal of insuring them.

This rider combines elements of both term and whole life insurance, providing coverage for a specified period and then transitioning to permanent coverage. However, like the family income rider, it does not specifically cover minor children, which is the primary concern of the insured in this scenario.

A guaranteed insurability rider allows the insured to purchase additional life insurance coverage in the future without undergoing medical underwriting. Although beneficial for increasing coverage later, it does not directly address the need to provide coverage for the insured's minor children at present.