A disability income rider offers financial security to the individual who owns a life insurance contract in the event of a disability taking place. (lifeinsuranceblog.net)
Grace period is a provision made in insurance contracts that provides you some extra time beyond due date during which financial obligations like premium payment may be met without penalty. (life.indiainsured.com)
This usually gives the policy owner the right to renew a term life insurance contract for an additional period equal to the period for which the contract was originally written. (lifeant.com)