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

When a children's rider is added to a life insurance policy, it typically provides coverage for the insured's children, often in the form of a level term coverage. This rider allows for a specified death benefit for each child, usually at a predetermined amount that remains consistent (level) for the duration of the rider. The coverage can be added at an additional premium, offering a way to provide financial protection for the children without needing to purchase separate policies for each child.

Level term insurance means that the premium and death benefit remain constant throughout the term of the policy. In the context of a children's rider, this is advantageous because it ensures that the family has a fixed amount of coverage for their children that does not fluctuate over time, making it easier to plan financially.

The other options represent different types of life insurance policies or features. Variable term is associated with fluctuating death benefits and premiums based on investment performance, while universal life offers flexible premiums and death benefits. Whole life provides lifelong coverage with cash value accumulation. However, these characteristics don't relate to the typical design of a children's rider, which aligns most closely with the features of level term insurance.