Sentences with phrase «standalone rider benefit»

Not exact matches

This kind of insurance can be purchased as a rider on a life insurance policy, often to increase the death benefit, or as a standalone policy.

However, riders offer extra protection and in comparison the additional premium charge is a lot lower than buying another standalone policy to get the same benefits at a higher premium rate.

Some insurers offer this as an extra benefits rider whereas others provide identical as a standalone plan.

Term plan riders are cheaper, but they give less benefits, standalone policies will charge high, but will give more features, now its you who has to choose what you want!