Valerie is a lawyer and main income earner for her family. She expects her salary to increase 5% per year. She has a $500,000 whole life insurance policy with a paid-up additions rider. Under this rider, she is permitted to buy additional coverage of $10,000 per year for the next 15 years, without proving insurability, by making lump-sum payments. Given this scenario which of the following statements is most correct?

Select one:

a. If Valerie doesnt use this rider in one year, that unused amount will not carry forward

b. If Valerie decides to use this rider she must buy at least $10,000 of additional coverage

c. If Valerie doesnt use this rider in one year, that unused amount will carry forward

d. Valerie must purchase up to $10,000 per year or the rider will lapse