Life insurance riders can be optional additional features to the insurance policy. It gives you other benefits or coverage that you wouldn't otherwise get. They allow you to customize the policy to suit your and your family member's needs.
Organ transplants.
Life insurance policies aren't all made equal -- while some additional benefit your insurance, some cost more than what they're worth.
Waiver of Premium Rider will pay your life insurance premiums should you be completely disabled and unable to work. Disabilities covered by the policy can be a permanent illness or accident, such as loss of sight.
I am transferring to a nursing home for the duration of time.
Option to utilize the benefit of your demise to help pay for long-term health treatment
The maximum amount per month.
You can tap into your death benefit if you are seriously ill
Specific life insurance policies add to the price of your insurance premium. However, others are added for free.
Certain insurance companies allow you to make use of all or part of the refund to purchase the purchase of a new policy without having to undergo another medical exam if they would like to maintain your coverage.
Organ transplants.
You will likely need to submit documents from your Social Security Administration and a physician to prove your disability in addition to evidence to your insurance company every couple of years.
Life insurance policies are an add-on to your existing life insurance plan. They give you additional coverage or options to access the funds you receive from the death benefit when you're alive.