Common Insurance Riders
The Common Thread
Insurance riders are optional features that allow you to customize a life insurance policy by adding protection, flexibility, or additional benefits to better meet your changing needs throughout life.
Long-Term Care Rider
A Long-Term Care (LTC) Rider allows you to access a portion of your life insurance death benefit to help pay for qualified long-term care expenses if you become chronically ill and meet the policy's eligibility requirements. Long-term care may include assistance with activities such as bathing, dressing, eating, and other daily living needs.
Convertible Term Rider
A Convertible Term Rider allows you to convert a term life insurance policy into a permanent life insurance policy—often whole life—during a specified conversion period without providing additional evidence of insurability. This can be valuable if your health changes after purchasing your original policy.
Accelerated Death Benefit (ADB) Rider
An Accelerated Death Benefit Rider allows you to receive a portion of your policy's death benefit while living if you are diagnosed with a qualifying terminal, chronic, or critical illness, subject to the policy's terms and conditions.
Inflation Rider
An Inflation Rider automatically increases certain policy benefits over time to help offset the effects of inflation. It is commonly available with long-term care insurance and some disability insurance policies. Availability varies by product.
Accidental Death Rider
An Accidental Death Rider provides an additional death benefit if the insured dies as the result of a covered accident. Benefits are generally payable only if death occurs within a specified period following the accident and are subject to policy exclusions.
Accidental Death & Dismemberment (AD&D) Rider
An AD&D Rider provides benefits if the insured suffers a covered accidental loss, such as the loss of a limb, eyesight, hearing, speech, or dies as the result of a covered accident. Covered losses and benefit amounts vary by policy.
Guaranteed Insurability Rider
A Guaranteed Insurability Rider allows you to purchase additional life insurance coverage at specified future dates without undergoing another medical examination or answering new health questions. Coverage increases are subject to policy limits and eligibility requirements.
Term Insurance Rider
A Term Insurance Rider adds temporary term life insurance coverage to a permanent life insurance policy. It provides additional death benefit protection for a specified period, often during years when financial obligations are greatest.
Critical Illness Rider
A Critical Illness Rider provides a lump-sum benefit if you are diagnosed with a covered critical illness as defined by the policy. Benefits may be used for medical expenses, lost income, or other financial needs.
Return of Premium Rider
A Return of Premium Rider refunds some or all eligible premiums paid if you outlive the term of your policy and all rider requirements have been met. Availability varies by insurer and product.
Waiver of Premium Rider
A Waiver of Premium Rider waives future premium payments if you become totally disabled or otherwise meet the rider's qualifying conditions. Coverage generally remains in force while the waiver is in effect, subject to policy provisions.