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 […]
Riders
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 if a doctor deems the policyholder terminally ill. Terminal illness riders are usually included with most life insurance policies at no additional cost; however, some life insurance […]
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 […]
