Life & Disability Insurance - What Are Riders And How Would I Benefit From Them?
A “Rider” is sold at the same time that you buy your insurance policy and it modifies your policy. These are occasionally called endorsements. The Rider overrides any conflict with the policy. In other words, if there is a provision in the Rider that is different than the same provision that was originally in the insurance policy, then the Rider prevails.
Riders may exclude or remove coverage, which can lower your monthly premium, however, in most cases, Riders will add more coverage to the existing policy.
These are some of the most common Riders found in life insurance policies:
