Riders such
as spouse riders and disability riders are available.
Not exact matches
As a surviving
spouse, you can take ownership of the annuity, including any
riders and death benefits within 1 year of your
spouse's death.
This is a fairly unique
rider as it gives your
spouse the ability to purchase single premium whole life insurance upon your death without demonstrating insurability.
This coverage is available to employees,
as well
as to their
spouses and to their children (the children are covered by a term insurance
rider).
Other
riders are available
as well for
spouses and children, events of disability or critical illness, and additional methods of death benefit payout.
This
rider enables your
spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death
as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit
Rider.
This is where you buy a life insurance policy for yourself and add coverage for your
spouse as a
rider to your policy.
Both Term and whole life insurance policies have optional
riders such
as disability waivers,
spouse riders, children's
riders, additional accidental coverage, and so forth.
Some stay - at - home parents may be able to get life insurance coverage by buying what's known
as a
rider on their
spouse's policy.
Buying a separate term life insurance policy for your
spouse is usually the wiser choice, but the alternative is including him or her
as a
rider on your own policy —
as long
as you make sure you know exactly what the
rider is adding.
In Oregon, the
rider form numbers are
as follows: Accidental Death Benefit: 208 - 200; Children's Insurance: 208 - 247; Chronic Care
Rider: ICC13 -231-72; Disability Waiver of Premium: 208 - 225; Living Benefits: 206 - 496.27; and
Spouse's Paid - Up Insurance Purchase Option: 205 - 375.
These additional plans are going to be purchased
as a
rider on a policy that you already own, either for yourself or for your
spouse.
We find the children's term
rider to be twice
as popular
as the
spouse term
rider.
Typically couples will purchase policies such
as these to kill two birds with one stone when it comes to providing protection to the household; however, in some cases a term insurance
rider for the
spouse on a different policy may make more sense if it is offered.
There are other
riders available
as well for
spouses and children, events of disability or critical illness, and additional methods of death benefit payout.
Spouse Insurance Rider As the name suggests, this rider offers term insurance for your spouse for an additional pr
Spouse Insurance
Rider As the name suggests, this
rider offers term insurance for your
spouse for an additional pr
spouse for an additional premium.
Should you die during your policy, this
rider provides your
spouse (
as long
as he / she is the beneficiary of your policy) the right to buy a new paid - up life insurance policy for himself / herself without providing evidence of insurability.
Most commonly, people choose the
spouse, critical illness, and employee's children
riders as they seem to have the largest benefit.
Spouse's Paid - Up Insurance Purchase Option (SPPO): Should you die during your policy, this rider provides your spouse (as long as he / she is the beneficiary of your policy) the right to buy a new paid - up life insurance policy for himself / herself without providing evidence of insurab
Spouse's Paid - Up Insurance Purchase Option (SPPO): Should you die during your policy, this
rider provides your
spouse (as long as he / she is the beneficiary of your policy) the right to buy a new paid - up life insurance policy for himself / herself without providing evidence of insurab
spouse (
as long
as he / she is the beneficiary of your policy) the right to buy a new paid - up life insurance policy for himself / herself without providing evidence of insurability.
A type of supplementary benefit
rider offered in conjunction with a life insurance policy that insures the lives of the insured's
spouse and children; also referred to
as dependent life insurance and
spouse and children's insurance
rider.