An insurance policy rider is also called an option. The "accelerated benefits" rider will not pay an insured whose dependent has a. terminal illness. The guaranteed insurability rider is also known as. the guaranteed purchase benefit. Producers may not make changes to. a policy. If a beneficiary chooses the life income settlement option and dies two months later, the insurer.

An insurance policy rider is also called an option

Lesson 14 - Non-Forfeiture Options on a Whole Life Policy

An insurance policy rider is also called an option. You can customize your life insurance policy by adding riders or special endorsements to enhance the policy to fit your specific needs. about accidental death or you work in a potentially hazardous occupation and can't afford to buy sufficient life insurance coverage, adding this rider may be a more affordable option.

An insurance policy rider is also called an option

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