What Is A Rider On A Whole Life Insurance Policy?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA rider is an additional benefit that is added on to the basic policy. It might extend coverage to someone else, a spouse or child, or it might provide that the death benefit would be available for medical expenses when death is imminent. There are riders that pay for the policy should you become disabled. Another rider available increases the death benefit substantially if your death is the result of an accident.Answered on August 15, 2014flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.A rider on a whole life insurance policy is supplementary benefit, additional modification, or optional provision to the policy. Riders can be included in the base price of the policy, but most riders have an extra charge. Some examples of riders are spouse and/or child rider, accidental death rider, waiver of premium rider (pays policy premium in case of disability), disability income rider (pays cash in case of disability), and rider that guarantees that you can purchase additional insurance in the future.Answered on August 16, 2014flag this answer
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