How many policies will Joe end up with if he exercises his Guaranteed Insurability Rider options regularly starting from age 21?

The Guaranteed Insurability Rider (GIR) allows a policyholder to purchase additional coverage at specified intervals without having to undergo medical underwriting. This typically includes options to buy additional insurance at certain ages or life events, regardless of their health status at that time.

If Joe starts exercising his Guaranteed Insurability Rider from age 21, he will be able to purchase additional coverage typically at intervals such as every 3 years until a specified age limit is reached, often around age 40. In most scenarios, this involves options being available at ages 21, 24, 27, 30, 33, 36, 39, and possibly 42.

Considering this pattern, the total number of policies that Joe can obtain through these options is determined by the number of intervals until he reaches the maximum age to exercise these options. If he exercises the options diligently, he would secure a total of 7 policies by the time he reaches age 39, considering typical policies that might be available per the rider's terms, resulting in the answer of 7.