Policy riders

Question 1

pays all monthly deductions while the insured person is disabled, after a six-month waiting period It doesn’t pay the full premium, just the monthly deductions, and it won’t add to cash value.

Answer 1

Wavier of premium and wavier of monthly deduction

Question 2

let you increase the amount of your life insurance policy’s death benefit at a future date, without submitting to a medical exam.

Answer 2

Guaranteed Insurability

Question 3

a provision under which premiums are waived if the person paying the premiums becomes disabled or dies.

Answer 3

Payor Benefit

Question 4

provides coverage for a death due to an accident

Answer 4

Accidental death and/or accidental death and dismemberment

Question 5

you may add a rider that lets you defer your premiums if you become disabled, or another that lets you add more coverage later without a medical exam.

Answer 5

Term Rider

Question 6

one spouse can purchase a life insurance policy for the other spouse since they rely on each other’s income.

Answer 6

Other insured

Question 7

help with daily activities, home health care, respite care, hospice care, adult day care, care in a nursing home or care in an assisted living facility.

Answer 7

Long Term Care

Question 8

your family will receive the death benefit and the premium payments will be kept by the insurer. However, if you outlive the 20-year term, you will be able to get a refund of your premium payments.

Answer 8

Return of Premium

Question 9

most common injuries or sicknesses, like chronic pain or cancer,

Answer 9

Disability

Question 10

increases your coverage amount/death benefit over time,

Answer 10

Cost of Living