Which option enables the insured to purchase additional disability income protection at specified future dates at the applicable premium rate?

The option that enables the insured to purchase additional disability income protection at specified future dates at the applicable premium rate is known as guaranteed insurability. This feature is beneficial for policyholders as it allows them to increase their coverage without undergoing additional medical underwriting or demonstrating insurability at the time they wish to increase the coverage. This is particularly advantageous if the individual’s health status changes over time, as it provides a safety net for securing additional benefits regardless of any new medical conditions that may arise.

The ability to lock in premium rates and secure more coverage in the future offers significant flexibility and peace of mind to the insured, making it an essential aspect of a well-rounded disability income policy. Through guaranteed insurability, the insured can adjust their coverage as their income needs change, ensuring that they remain adequately covered against the risk of disability.