Insurance

What does a rider mean in a life insurance policy?

There are a host of riders that life insurance companies offer. The most popular ones are accidental death and permanent disability riders

How do you increase the life insurance element in a bundled plan? You can do that by buying a term life rider. A rider is an add-on cover to the base policy that provides additional benefits. Life insurance companies offer a range of optional riders that you can buy at an additional premium to suit your needs. Read for more details on riders.

This article was originally published on November 16, 2017.


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