Sentences with phrase «carrier accidental death benefit rider»

• Accelerated Death Benefit rider • Common Carrier Accidental Death Benefit rider • Waiver of Premium rider • Disability Income rider (for accidents only) • Disability Income rider (for accidents and illness) • Children's Term Life Insurance rider

Not exact matches

This rider can provide an additional amount of death benefit coverage to the policy beneficiary if the insured dies due to accidental injuries that occur while he or she is riding as a fare - paying passenger on a common carrier, such as an airplane, a bus, or a train.

The Accidental Death Benefit Rider is not available for the graded plan but the Common Carrier Accidental Death rider is included at no additional cost.

Just like the already included common carrier accidental death rider, the accidental death rider will always pay out in addition to the normal death benefit.

Accidental death benefit riders are also referred to as «double indemnity» when the additional amount of benefit payout is equal to the original death benefit amount, causing your carrier to pay out double your original death benefit.

Some carriers include the following riders in a life insurance policy, without any additional cost: - Accelerated benefit rider (partial benefit paid in case of terminal illness)- Accidental death benefit (additional benefit in case of accidental death)- Waiver of premium (most companies will charge extra premium for thAccidental death benefit (additional benefit in case of accidental death)- Waiver of premium (most companies will charge extra premium for thaccidental death)- Waiver of premium (most companies will charge extra premium for this rider).