LIFE INSURANCE RIDERS

A life insurance rider, also known as an endorsement, is an addition to a life insurance policy that usually expands or limits the benefits payable under the contract. Life Insurance Riders allow you to have more flexibility and personalization in your life insurance policy.

Waiver of Premium Term Life Insurance Most term and permanent life insurance policies offer an optional feature called "waiver of premium." This typically states that in the event you become totally disabled for a period of six months or longer, the insurance company will pay your life insurance premium until you are no longer disabled. This feature is optional (available at an extra cost) and must be chosen at the time of your life insurance application.

Return of Premium Term Life Insurance Get a full refund of your money! Return of premium term life insurance (ROP) is a feature that offers a guaranteed refund of the life insurance premiums at the end of the term period, assuming the insured is still living.

Accidental Death Benefit The accidental death benefit rider provides additional coverage if you were to die "accidentally." It may even double the amount of the original death benefit. Having this rider attached to your life insurance policy can give your family greater peace of mind in the event of your death due to an accident.

Accidents happen anywhere, at any age, the accidental death benefit rider can give your family greater peace of mind. In the event of your death due to a covered accident, this affordable insurance plan can help offset the financial burdens your family may face during what would be an incredibly difficult time.

In the event of your accidental death, this type of insurance policy helps maintain your family's standard of living by providing up to $500,000 in additional coverage.

Acceptance for accidental death and dismemberment insurance is guaranteed for ages 18-80. And when you apply, you will not have to answer any medical questions or take a health exam. Also, provided you pay your premiums when due, you can keep this coverage for as long as you'd like.

SOME PLANS OFFER SOME ACCIDENTAL DEATH LIFE INSURANCE BENEFITS AT NO ADDITIONAL COST:
  • Travel Accident Benefit - Should you die accidentally while riding as a fare-paying passenger on a bus, airplane, subway or train, your beneficiaries would be paid an additional 100%.
  • Auto Safety Benefit - In the event you die in a car accident, your beneficiaries would receive an additional 10%.

Accelerated Death Benefit If you are diagnosed with a terminal illness while your life insurance policy is still in force, this rider gives you the option to collect all or part of the death benefit while you're still alive. This may take away some of the financial burden of paying unprecedented medical expenses.

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