Policy Riders

Policy Rider

Allows policyholders to customize their coverage to fit their specific needs by adding additional coverage to a standard insurance policy in exchange for additional premium payments, or in some cases, no additional costs

Common Examples

• Accidental Death and Dismemberment Rider Pays benefits for accidental death or loss of limbs/sight.

• Accidental Death Benefit Rider Pays an additional death benefit for accidental death.

• Child Term Rider Provides temporary life insurance coverage for the insured’s children.

• Chronic Illness Rider Accelerates a portion of the death benefit if the insured is diagnosed with a chronic illness.

• Critical Illness Rider Provides a lump sum payment upon diagnosis of a covered critical illness.

• Disability Income Rider Provides a monthly income if the insured becomes disabled and unable to work.

• Guaranteed Insurability Rider Allows the policyholder to purchase additional coverage at specified intervals without a medical exam.

• Hospital Indemnity Rider Pays a daily or lump sum benefit for hospital stays.

• Long-Term Care Rider Accelerates a portion of the death benefit to cover long-term care costs.

• Term Conversion Rider Allows conversion of a term policy to permanent insurance without a medical exam.

• Return of Premium Rider Refunds premiums paid if the insured outlives the policy term.

• Spouse Term Rider Offers temporary life insurance coverage for the insured’s spouse.

• Waiver of Premium Rider Waives premiums if the insured becomes totally disabled.