Should I Buy Life Insurance with a Long Term Care Rider?

The long-term care rider diverts part of your policy’s death benefit toward paying for your long-term care costs if you got sick or injured and needed rehabilitation. Long-term care is expensive, and Medicare and health insurance typically won’t cover this cost. This rider could be a lifesaver someday if you and your loved ones were […]

What does a Disability Waiver of Premium Rider do?

Paying the premiums keeps your life insurance coverage active. If you died with coverage in place, your family could claim your policy’s death benefit. The payout could help your family build a new life. But what would happen if you became disabled and couldn’t work, making it impossible to afford your premiums? You’d probably lose […]

Life Insurance With A Chronic Illness Rider

Many life insurance companies offer a terminal illness rider. Such a rider allows the insured to use a portion of their death benefit while they are still alive. This is possible if a doctor deems the policyholder terminally ill. Terminal illness riders are usually included with most life insurance policies at no additional cost. However, […]

Understanding Life Insurance Riders

When standard life insurance packages aren’t offering the coverage you need, you can purchase additional security with something called a “rider.” These are insurance add-ons that provide everything from additional accidental coverage to premium waivers if you get disabled, and they can grant real peace of mind to anyone struggling with the black-and-white terms of […]