An amendment may be used to

An amendment may be used to

• A. An increase in death benefit
• B. Waive a contract provision, or to correct an error or omission
• C. Add a new rider not present in the original
• D. Extend the premium payment term

Answer: (B)

An amendment is a written change to an existing policy that modifies terms without issuing a new contract. It’s used to fix mistakes or omissions on the policy or in the application, and it can also document a waiver of a contract provision when both parties agree. That combination—correcting an error or omission and waiving a provision—best fits what an amendment does, which is why it’s the correct choice. Increasing the death benefit, adding a new rider not originally present, or extending the premium payment term typically involve broader changes that go beyond a simple amendment (they usually require underwriting, a new rider, or a policy change). For example, correcting a misstated date of birth or waiving a specific provision can be handled through an amendment, whereas the other options would require different processes.

An amendment is a written change to an existing policy that modifies terms without issuing a new contract. It’s used to fix mistakes or omissions on the policy or in the application, and it can also document a waiver of a contract provision when both parties agree. That combination—correcting an error or omission and waiving a provision—best fits what an amendment does, which is why it’s the correct choice.

Increasing the death benefit, adding a new rider not originally present, or extending the premium payment term typically involve broader changes that go beyond a simple amendment (they usually require underwriting, a new rider, or a policy change). For example, correcting a misstated date of birth or waiving a specific provision can be handled through an amendment, whereas the other options would require different processes.