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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Rider
An attachment to an insurance contract that amends the basic policy by supplementing or reducing the amount or type of coverage outlined.
Related Terms:
Future Purchase Option,
Accelerated Death Benefit,
Accidental Death Benefit,
Automatic Increase Rider,
Catastrophic Disability Benefit,
Children’s Rider,
Compound Inflation Option,
Cost of Living Adjustment (COLA),
Future Increase Option,
Nonforfeiture Benefit,
Presumptive Disability Benefit,
Refund of Premium Benefit,
Restoration Benefit,
Shared Care,
Simple Inflation Option,
Transitional Occupation Rider
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