Which type of insurance policy can have an automatic premium loan rider added?

The correct choice is a whole life policy because this type of insurance inherently builds cash value over time. An automatic premium loan rider is designed to prevent a policy from lapsing due to non-payment of premiums. With whole life policies, the accumulated cash value can be accessed to pay premiums if the policyholder is unable to make a payment.

This rider allows the insurer to automatically use the cash value to cover overdue premiums, thus maintaining the policy in force. Term life policies, in contrast, do not build cash value, and therefore, an automatic premium loan rider would not apply. Similarly, credit life and universal life policies may have different features that do not typically accommodate an automatic premium loan rider in the same way that whole life insurance does.