A life insurance policy typically includes two types of benefits, one that's intrinsic and one that's extrinsic. The first type is the primary benefit, which is the general financial security a person receives in case of death. The second type is called a "rider", which provides for additional coverage or privileges outside of the intrinsic portion of the life insurance policy.
Some riders are optional, while others are required by law. A life insurance policy typically includes two types of benefits, one that's intrinsic and one that's extrinsic. The first type is the primary benefit, which is the general financial security a person receives in case of death. The second type is called a "rider", which provides for additional coverage or privileges outside of the intrinsic portion of the life insurance policy.
Some riders are optional, while others are required by law. Most importantly, some riders provide an alternate level of protection or coverage to the beneficiary of a life insurance policy while other riders provide additional benefits to the insured.
An example of an available rider would be accidental death, which is not included as part of standard protection under most plans.
Some riders are optional, while others are required by law. A life insurance policy typically includes two types of benefits, one that's intrinsic and one that's extrinsic. The first type is the primary benefit, which is the general financial security a person receives in case of death. The second type is called a "rider", which provides for additional coverage or privileges outside of the intrinsic portion of the life insurance policy.
Some riders are optional, while others are required by law. Most importantly, some riders provide an alternate level of protection or coverage to the beneficiary of a life insurance policy while other riders provide additional benefits to the insured.
An example of an available rider would be accidental death, which is not included as part of standard protection under most plans.
