Which rider may allow for coverage increases as the insured's income grows?

The Cost of Living Rider is designed specifically to address the potential need for increased coverage as the insured’s financial situation changes over time, particularly with respect to inflation and income growth. This rider allows policyholders to increase their coverage amount without undergoing additional underwriting, which is crucial as it simplifies the adjustment process to better match the insured’s financial needs as they evolve.

The Cost of Living Rider typically adjusts the policy's benefits according to a predetermined index, often linked to inflation, ensuring that the coverage remains relevant and effective in offsetting living cost changes. By incorporating this rider, individuals can maintain appropriate life insurance protection that accounts for increases in income and the rising costs of living, which can enhance their financial security over time.

In contrast, while the other options serve important roles in life insurance policies, they do not focus on the correlation between coverage increase and income growth. The Accidental Death Benefit Rider provides additional coverage in cases of accidental death, the Family Income Benefit Rider pays a set income over a specified period in the event of the insured's death, and the Waiver of Premium Rider allows for premium payments to be waived under certain conditions, such as disability. None of these directly relate to adjusting coverage in alignment with the insured's income changes.