Life Insurance Riders Benefits

Life Insurance Riders Benefits

A rider is an insurance policy provision that adds benefits to or amends the terms of a basic insurance policy. Riders provide insured parties with options such as additional coverage.

The benefits of insurance riders include increased savings from not purchasing a separate policy and the option to buy different coverage at a later date.

Getting a rider in addition to your insurance plan can be helpful in case of critical illness, permanent disability, accidental disability or term benefit.

Here are some example of riders:

  • Child Term Rider.

  • Accidental Death or Double Indemnity Rider.

  • Waiver of Premium Rider.

  • Return of Premium Rider.

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