A cost-of-living rider in life insurance is an extra feature that increases your death benefit to keep up with inflation. Learn the basics of a COLA rider.
A family income rider is a life insurance add-on that allows your death benefit to be disbursed in monthly installments instead of in a lump sum. Learn whether you may want this rider.
2. Insurance riders can save your business money. Though you must pay extra for each insurance rider, the additional cost is typically less expensive than buying a brand-new insurance policy. Some riders actually eliminate the need for another policy, such as inland marine riders for commercial...
To understand the advantage of a DOT rider, you must understand the two main types of insurance: term or whole life. Term insurance is valid for the time period you select, such as 10 years. You will pay the same premium during that period but must renew when the term expires, often a...
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Accidental Death and Dismemberment (ADD) insurance coverage is available to you through most insurance companies as a rider to an existing life or health insurance policy. If you travel frequently, have a high-risk job or participate in extreme sports (for example, skydiving, bungee jumping, aut...
An insurance endorsement, also called arider, is a change to your insurance policy that adjusts your coverage. Adding an endorsement to your existing insurance contract usually means adding or modifying coverage. For instance, if you choose to purchase an optional coverage to broaden your insurance...
Curious about the nuances of a contract rider versus an addendum? Let’s break it down and explore what the differences are and when to use them.
A waiver of premium is a part of an insurance policy that ensures that the policy will still work even if the person who holds it...
A dread disease rider is added to a life insurance policy to help cover the costs of a critical illness, such as cancer or a stroke.