Sentences with phrase «event option rider»

Not exact matches

The LTC rider or Chronic Illness rider options are a significant way to safeguard your family from financial ruin in the event of a serious illness.

An individual or business, who requires coverage for any excluded event under all risks may have the option to pay an additional premium, known as a rider or floater, to have the peril included in the contract.

Payment Protection Option is an insurance rider available on the Grow - Up ® Plan that will cover premium payments in the event you, the policyowner, can not pay the monthly premium due to disability or death.

In addition, this rider will only allow you to purchase additional life insurance at specified times or for certain life events - called option dates.

This is a life insurance benefit that gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the rider.

Other rider options — such as long - term care riders and critical illness riders — provide protection for your family in the event that you become chronically ill or are diagnosed with a critical illness.

Usually the option to add death benefit coverage through the GI rider occurs at certain pre-determined ages (which may vary by company) throughout the insureds life, but may also occur during special life events such as marriage or the birth of a child.

This rider gives option of one time increase of the policy sum assured on specified events for higher level of protection.