With an accidental death rider, you receive an extra payout in case the insured passes away due to an accident. Typically, this additional benefit matches the face amount of the original policy, effectively doubling the overall benefit. In the unfortunate event of death resulting from accidental bodily injury, the insured’s family receives twice the original policy amount.

This rider offers a death benefit if a child passes away before a specified age. Once the child reaches maturity, the term plan can be converted into permanent insurance, allowing coverage up to five times the original amount without the requirement for medical exams.

With this rider, if the insured faces permanent disability or income loss due to injury or illness before a certain age, future premiums are waived. The financial impact of the main breadwinner’s disability on a family can be significant. In such situations, the rider provides relief by exempting policyholders from paying premiums on the base policy until they are able to resume work.

These riders grant access to your death benefit if you’re diagnosed with specific qualifying conditions, although they often exclude terminal illnesses covered by a general accelerated death benefit. If you require qualifying long-term care, a long-term care rider enables you to tap into your policy’s death benefit while you’re alive. Depending on the rider, you may be reimbursed for covered expenses or receive a lump sum to use as you see fit.