Riders are optional add-ons that can provide extra benefits or features to your policy:
- Accidental Death Rider: Provides an additional death benefit if death results from an accident.
- Waiver of Premium Rider: Waives premiums if you become disabled and can’t work.
- Critical Illness Rider: Pays a portion of your death benefit if you’re diagnosed with a qualifying serious illness (like cancer or heart disease).
- Return of Premium Rider: For term policies, this rider reimburses all premiums paid if you outlive the policy term.
Adding riders increases your premium, but they can offer significant extra protection.
Understanding Policy Riders and Their Benefits