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Life Insurance Riders

What Are Life Insurance Riders?

A life insurance rider, also known as an endorsement, is an addition to a life insurance policy that usually expands the benefits provided by the contract. Riders give you the ability to customize your coverage and add more flexibility to your policy.

Check out the video below to find out more about the life insurance riders.

Here are a few of the most popular riders:

Waiver of Premium

Most life insurance policies offer a waiver of premium option. In the event that you become disabled for a period of six months or longer, the insurance company will pay your life insurance premium until you can go back to work.

Return of Premium Term Life Insurance

How would you like to get all of the money you paid for your life insurance back? Return of premium term life insurance (ROP) is a feature that offers a guaranteed 100% return of your premiums at the end of the term period, assuming the insured person is still living.

Learn more about the different types of term life insurance policies.

Child Life Insurance

Insuring your child is by far one of the easiest and most affordable ways to establish their financial foundation and future insurability while they’re still young and healthy. A child rider makes it easy to do.

Accidental Death Benefit

Accidents happen anywhere, at any age. An accidental death benefit rider provides additional coverage if you were to die in a covered accident. 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.

Accelerated Death Benefit

If you’re diagnosed with a terminal illness while your life insurance policy is in force, this rider enables you 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 medical expenses, lost wages, etc.

To find out more about life insurance riders, or to ask any question about life insurance, call 800-442-9899 to speak with one of our experienced advisors.

We only work with highly rated insurance companies – brand names you trust. You may be able to save money without sacrificing quality and strength.