A rider provides some additional benefits under an insurance policy which is not provided in the basic policy, usually at an extra premium.Riders are also used to add non-life insurance benefits to life insurance policies.
Most riders involve benefits that do not require nonforfeiture values, and the benefits described here do not, except where noted.
Type Of Riders And Additional Benefit
1. Accident Benefit
2. Disability Benefits
3. Long-Term Care Benefits
4. Accelerated Death Benefits
5. Guaranteed Insurability
6. Automatic Increase ('Cost Of Living Adjustment"
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