Riders

Question 1

Allows the policyowner to waive premium payments during a disability and keeps the policy in force

Answer 1

Waiver of premium Rider

Question 2

Ensures that premiums will be waived if the individual paying the premiums on a juvenile life policy becomes disabled or dies

Answer 2

Payor rider payor clause

Question 3

Allows an insurer to receive a portion of the death benefit prior to death if the insured has a terminal illness and expected to die within 1 to 2 years

Answer 3

Accelerated benefit Rider

Question 4

Pays an additional sum to the beneficiary if the insurer dies due to an accident

Answer 4

Accidental death benefit Rider multiple and indemnity

Question 5

Permit the policy owner to buy additional permanent life insurance coverage at specific point of time in the future without submitting proof of INSURABILITY

Answer 5

Guaranteed insurability rider future increase option

Question 6

Allows the policy face amount to be adjusted to account for inflation based on the Consumer Price Index

Answer 6

Cost of living Rider

Question 7

Pays the total amount of premiums paid into the policy in addition to the face value as long as the insurer dies within a certain time period starting in the policy

Answer 7

The return of Premium Rider

Question 8

Provide for the payment of additional income when the insured is eligible for social insurance benefits for those benefits have not yet begun

Answer 8

The Social Security Rider