1. 245 POINTS
    Tom Kucan
    Insphere Insurance Solutions, Maryland
    A rider is more than just someone that rides a horse.  A rider in life insurance is something that goes along with the basic policy.  Most common riders are Waiver of Premium and Child rider in life insurance. 

    Waiver of Premium rider refers to the avoidance of life insurance fees during a critical illness, as an example.

    Adding a rider is a way to sweeten the terms of a policy for an increase to the monthly premium.
    Answered on May 7, 2013
  2. 1380 POINTS
    James Elbaum
    President | Founder, CLM Insurance Group, Delray Beach, FL
    A rider on a life insurance policy is an added benefit to chasis of the traditional death benefit.  A return of premium, child rider or a waiver of premium are all additional benefits that increase your coverage and also increase your premium.  Make sure that your agent discloses any and all riders on your policy to make sure they are right for you and your family.
    Answered on May 7, 2013
  3. 130 POINTS
    Daniel J. Wendol
    CEO, Dolphin Financial Group, Florida
    A particular rider that has been gaining momentum recently and changing how people view life insurance is known as an Accelerated Death Benefit rider.  This rider allows the insured to access their own death benefit while they are alive.  Typically this rider is enacted after the insured has a long-term care type event and requires assistance with activities of daily living.
    Answered on May 9, 2013
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