Questions: An insured and his spouse recently had a child. Which of the following riders would allow the couple to insure the child for a limited period of time at a specified amount? A. Guaranteed insurability rider B. Spouse term rider C. Children's term rider D. Payor rider

The answer is the third one (or C): Children's term rider.

Explanation for each option: A. Guaranteed insurability rider - This rider allows the insured to purchase additional insurance at specified times without providing evidence of insurability. It does not specifically cover insuring a child. B. Spouse term rider - This rider provides term insurance coverage for the insured's spouse, not for a child. C. Children's term rider - This rider allows the insured to add term insurance coverage for their children for a limited period of time at a specified amount. This is the correct option for insuring a child. D. Payor rider - This rider ensures that premiums will be waived if the person responsible for paying them (usually a parent or guardian) becomes disabled or dies. It does not directly provide insurance coverage for a child.

Summary: The Children's term rider (C) is the appropriate rider that allows the couple to insure their child for a limited period of time at a specified amount.