Which of the following is a whole life policy option that allows for a delinquent premium to be paid automatically by a new policy loan?

A term rider is an additional provision that adds term life insurance coverage to a whole life policy, but it does not address premium payments. It serves as a way to enhance the coverage temporarily but does not provide a mechanism for handling delinquent premiums.

Fixed-period installments refer to a method of receiving death benefits in regular payments over a specified period. While this option pertains to the payout structure of benefits, it does not relate to the payment of premiums or the maintenance of the policy itself.

A spendthrift clause is a provision that protects the policy’s death benefit from creditors until it is paid out to beneficiaries. While it safeguards the benefits, it has no connection to premium payments or options for maintaining the policy in case of delinquency.