When Laura added a children's rider to her life insurance policy, what type of coverage did she add?

When Laura added a children's rider to her life insurance policy, she specifically enhanced her coverage to provide financial protection for her children, typically under the provisions of a term insurance feature. A children's rider generally pays a death benefit if a covered child passes away, and these riders are often structured to offer this benefit for a limited time, making it a term-like addition to the overall policy.

Level term coverage refers to a type of life insurance where the death benefit remains constant for the term of the policy, which aligns with the nature of a children's rider providing straightforward and specific coverage during a specified time frame without the variable factors present in other types of permanent policies.

While whole life, universal life, and variable life coverage offer permanent insurance with various benefits and investment components, they do not typically include riders designated specifically for child coverage in the same straightforward way that a term structure does. Therefore, adding the children's rider is significant in the context of providing term coverage for a defined period, therefore making level term coverage the most appropriate classification in this instance.