What Are Life Insurance Riders?

Life insurance riders are add-on provisions to enhance or customize your current coverage to fit your needs. Some riders come at no additional cost and are baked in the coverage. It’s worth noting that riders are purchased with the policy and can’t be added later. Here are a few common purchased riders:

  • Waiver of premium
  • Disability income
  • Term conversion
  • Accelerated death benefit
  • Child’s term life
  • Accidental death benefit rider
  • Return of premium (ROP)