A life insurance rider is an optional add-on to a life insurance policy that provides additional coverage or benefits beyond the basic coverage provided by the policy. Riders can be added to a policy at the time of purchase.

There are many different types of life insurance riders, each offering a different type of coverage or benefit. Some common types of riders include:

Accelerated death benefit rider: This rider allows the policyholder to receive a portion of the death benefit while still alive if they are diagnosed with a terminal illness.

Waiver of premium rider: This rider allows the policyholder to waive premium payments if they become disabled and unable to work.

Guaranteed insurability rider: This rider allows the policyholder to purchase additional coverage at specific times in the future without the need for a medical exam or proof of insurability.

Child rider: This rider provides coverage for a policyholder’s child or children, typically for a specified period of time.

Long-term care rider: This rider provides coverage for long-term care expenses if the policyholder becomes chronically ill or disabled.

Accidental death benefit rider: This rider provides an additional death benefit if the policyholder dies as a result of an accident.

Adding a rider to a life insurance policy can provide additional coverage or benefits that may be important to the policyholder and their family. However, riders typically come at an additional cost and can vary in availability depending on the insurance company and the specific policy. It is important to carefully consider the potential benefits and costs of any rider before adding it to a life insurance policy.