Understanding
Life Insurance Riders-
As you know that life insurance provides financial security in case the breadwinner passes away. It is risk
coverage against the untimely death of the breadwinner, which makes family financially
independent.
With the time person income also
increases and most of the time it becomes difficult to maintain sufficient life
cover. Life insurance policy has an option which provides several kinds of additional
benefits during term. This option is called Riders.
A rider is an add-on that can
customize or enhance your life insurance coverage. Riders are optional features
of life insurance policies, which increase basic plan coverage at an affordable
price.
Most
Common Life Insurance Riders
-Accidental
Death Benefit Rider
- Accidental
death & dismemberment
- Critical
Illness Rider
- Waiver
of Premium Rider
- Term
Rider
- Hospital
Cash Rider
- Surgical
Care Rider
Riders
Benefits
Key Takeaway
Policyholder can boost the
coverage in basis life insurance policy and meet his life goal during different
life conditions.
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Term life insurance - How it works
https://insurancekunji.blogspot.com/2020/04/term-life-insurance-how-it-works.html 
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