Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Automatic Increase Rider

A rider available with Disability insurance policies. Increases the total monthly disability benefit automatically each year for five to six years (varies among insurance companies). Premium will go up with this rider each year because more coverage is being provided. There is no additional charge for this rider. Also known as Automatic Benefit Enhancer.