The phrase
"certain riders" refers to specific people or groups who have specific requirements or conditions.
Full definition
Typically adding a rider will increase your premiums, but some insurers
offer certain riders at no additional cost.
Not all riders are available on all policies or in every state, and some states vary the terms
of certain riders.
But the really smart part about buying the online term plan was in opting
for certain riders like critical illness in particular.
Typically adding a rider will increase your premiums, but some insurers offer
certain riders at no additional cost.
Sometimes insurers will include
certain riders by default in the policies they offer.
You can also
get certain riders to customize your policy, like child riders that provide limited coverage for your kids.
However, with the use
of certain riders, your policy cash value and death benefit will continue to grow each and every year.
Typically adding a rider will increase your premiums, but some insurers
offer certain riders at no additional cost.
You know the length of coverage, amount of coverage and you have customized the plan
with certain riders.
If you elect to purchase optional forms of coverage (i.e. comprehensive insurance) or to
add certain riders to your policy, this will increase the amount of money you pay for the policy.
When you apply for benefits, government actuaries are just buying you a fixed annuity with a COLA rider with your FICA tax money (and if you're married, then a joint or
term certain rider too).
You also may be able to save money on your premiums if your motorcycle is stored in a garage, if you belong to
certain rider groups, or if you have taken a safe rider course sponsored by the Motorcycle Safety Foundation.
One may not even be aware
of certain riders included in the policy that offer additional payout benefits for simple things like the policyholder's demise far away from home, or the insured passing away in a car accident despite wearing a seat belt, etc..
Employer - sponsored plans present a few problems, because they're created to cover a group, company life insurance policies are generally designed with a one - size - fits - all mentality and may not
include certain riders, such as long - term care or accelerated death benefits, that supplemental life insurance can provide.
Most insurance carriers offering single premium life insurance plans also
offer certain riders to go along with them.
Then if you want to counter this risk by buying some kind of payout option where the income goes to someone else when you die (AKA survivor options and / or
term certain riders), then this will also cut 10 % to 30 % off of this wonderful safe guaranteed yield for life.
In addition,
certain riders, such as long - term care riders and chronic illness riders, can be added to your policy, which allow you to access your death benefit if you are diagnosed with a qualifying chronic illness.
And with
certain riders, you may even be able to do this type of thing after you've started your lifetime income payments.
Note that if you have
certain riders, such as paid up additions or life insurance supplement riders, failure to pay interest on your loan when due may result in an increase to your minimum rider premiums.
And if you should suddenly suffer a serious ILLNESS, with
certain riders (additional benefits) your policy can offer financial support at a critical time.
Do you want to make sure a company offers
a certain rider?
(see example below)
Certain riders, such as Accidental Death benefit may exist, which would potentially increase the benefit.
Many term life insurance policies will offer
certain riders that can be added to the plan that can enhance the coverage.
Further, there are
certain riders that can also be beneficial to add on to your policy.
In addition,
certain riders, such as long - term care riders and chronic illness riders, can be added to your policy, which allow you to access your death benefit if you are diagnosed with a qualifying chronic illness.
There are
certain riders (additional benefits) such as accidental death benefit, permanent disability rider, and critical illness rider.
Some insurance companies may allow you to split the policy into two single - insured policies if you add
a certain rider to your policy.
Certain riders and benefits are not available after issue.
However, with the use of
certain riders, your policy cash value and death benefit will continue to grow each and every year.
One may not even be aware of
certain riders included in the policy that offer additional payout benefits for simple things like the policyholder's demise far away from home, or the insured passing away in a car accident despite wearing a seatbelt etc..
There is an additional cost for
certain riders.