The short answer
Riders are add ons you can put on a life policy to get extra coverage or benefits. Some are free, and others raise your premium.
A rider adds something your basic policy does not have. The NAIC says riders raise your premium.
Some riders come free with the policy. Others cost extra. Ask the price of each one.
Most riders must be added when you buy the policy. Many cannot be added later.
A rider only helps if you are likely to use it. Read what it pays and when.
- Waiver of premium: pays your premiums if you become disabled
- Accidental death: pays more if you die in an accident
- Accelerated death benefit: lets you get part of the payout early if you are terminally ill
- Guaranteed insurability: lets you buy more later without an exam
- Child term: a small death benefit for a child
More questions
Can I add a rider later?
Usually not. Most riders have to be added when you buy the policy.
What is a return of premium rider?
It pays back your premiums if you outlive a term policy. NerdWallet says it can more than triple the cost.
