Life insurance riders are the little extras you can add to a policy that will provide additional protection. While they may add to your policy premiums, the benefits they offer are well worth the cost. Life insurance policies are designed to provide financial security for those left behind. The right type of policy can help the living as well. Once your agent identifies your needs, they can create a policy that will assist you in successfully providing for your family.
There are many riders for both term and whole-life policies. A Term Conversion policy allows you to convert a term life policy to a whole life policy with no medical exam. A Waiver of Premium rider will pay your premiums if you can no longer work due to being disabled. A Waiver Plus rider will also cover your premiums if you become disabled. A Guaranteed Renewability rider ensures you can renew your term policy after the term expires. An Accelerated Terminal Illness rider allows you to access a portion of your death benefit while you are still alive if you have been diagnosed with a terminal illness.
Riders are extras that you can include in your policy if necessary. Work with an insurance agent who specializes in various types of life insurance. They can help you decide which riders are most beneficial for your needs. A good agent will be able to identify potential deficiencies that you may have yet to consider. Once you choose which riders are most beneficial, you can include them in your policy.
People often ask if riders are worth the extra cost and if they can be added to an existing life insurance policy. They are well worth the cost if you feel it is important enough to have them. You decide to make. Having them in place can give you the peace of mind to feel financially secure. Depending on the type of policy, a rider may be added. Term life riders can often be added to whole-life policies in certain situations.
If you have questions about life insurance riders, contact the agents of Fuller Insurance Agency. We have years of experience and understand how important it is for you to take care of your family's financial future. We can help you find the riders you need for peace of mind.