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