Add-Ons Worth Considering

In life, unexpected events are inevitable. Despite our efforts to control our lives, unforeseen circumstances arise. Therefore, your insurance policy may require additional coverage, known as riders, to address specific situations.

The guaranteed insurability rider allows you to modify your policy within a specified period, even if your health deteriorates. Another important rider is the accelerated death benefit, which provides access to your policy’s death benefit in the event of a terminal illness diagnosis.

Additionally, the waiver of premiums rider enables you to skip premium payments if you experience a qualifying sickness or disability. If you are the main provider for your family, consider the family income benefit rider, which offers a predetermined duration of steady income.

Furthermore, a long-term care rider can help cover expenses associated with nursing home or at-home care. On the positive side, the return of premium rider for a term life policy ensures you receive a refund of some or all of your premiums if you outlive the policy’s term.

It’s important to note that while these riders offer valuable benefits, they also come with added costs to your policy. Your insurance agent can provide more information and help you choose the right riders for your needs. If you don’t have an agent yet, schedule an appointment today or click the button next to this video for assistance.