Life Insurance Riders
What is Life Insurance Riders?
Life insurance riders are optional add-ons that enhance a standard life insurance policy by offering additional benefits. They can cover specific situations like accidental death, critical illness, or waiver of premium in case of disability. Riders provide extra protection and customization to suit individual needs. While they come with an added cost, they help extend the coverage beyond the basic policy.
Life insurance riders offer additional benefits to enhance your policy, covering situations like critical illness or accidental death. They provide tailored protection for unique needs, ensuring more comprehensive coverage.
At SenseInsur, we help you choose the right riders for complete peace of mind.At SenseInsur, we offer a variety of life insurance riders to ensure comprehensive protection for you and your loved ones. Our team can guide you in selecting the right riders to meet your specific needs.
Major Life Insurance Rider Types
Accident Death/ Permanent Disability Rider – If you die on accident your family will receive an extra benefit/also cover permanent accident disability.
Critical Illness Rider – This rider enables the critical illness expenditures during the policy term. Such critical illnesses are:Cancer, Heart Attack, Kidney Failure, Paralytic Stroke, Cardiac Surgery Etc.
Waiver Of Premium Rider– If you become disabled, the insurance company will pay yur premiums until the disability over.
Major Sugical Assistance Benefit – This rider help to pay some fixed amount an specified surgeries only.
Corona Protect Rider (NEW) – In this rider your family will receive a lump sum in case you pass away due COVID-19.
Minor Life Insurance Rider Types
Term Rider – This rider provides extra death benefit coverage for a specified period of time.such as 10/20 or 30.
Guaranteed Insurability Rider – This type of rider may also provide a renewal of your base policy at the end of its term without medical checkups.
Income Benefit Rider – Get a steady income in case of long term illness or disability.
Child Rider – Allows you to place a small death benefit on all of your benefit on all of your children, as part of your policy.
Long Term Care Access Rider – If you want long term care, you can use a part of your death benefit to help pay for it.
Accelerated Death Benefit – Allow you to access a part of your death benefit if you become terminally ill.
Return Of Premium Rider – In this rider you will pay some premium at the end of the term, your permium is returned in fully. In the death, your nominee will get paid premium amount only.
Family Income Benefit Rider – In case the insured dies, this rider will provide some flow of income to family members. When buying this rider, you need to determine the number of years your family is going to receive the benefit.