Riders

Question 1

provide additional benefits which basic plans do not offer

Answer 1

Riders

Question 2

is a condition of uninterrupted disability for not less than six months which prevents the insured from engaging in any gainful occupation, employment, or business for which he or she is fitted in terms of education or training.

Answer 2

Total and Permanent Disability

Question 3

Before premiums are waived, there is a ________ waiting period. Premiums that fall due during this waiting period must be paid.

Answer 3

6-month

Question 4

The payor’s benefit is attached to a__________ and is a type of Waiver of Premium rider.

Answer 4

juvenile policy

Question 5

adds a block of special insurance to the face amount of the base policy. This is commonly referred to as double indemnity. The insurance company pays an additional amount if the insured dies due to accident.

Answer 5

accidental death benefit

Question 6

can be attached to a basic permanent plan to provide additional coverage at desirable rates.

Answer 6

Term insurance

Question 7

give benefits in the event of some disability, illness, or diagnosis of some dread disease.

Answer 7

Health Insurance rider

Question 8

Health insurance rider may come in the ff form:

Answer 8

-medical expense coverage
-disability income to cover the financial loss of being unable to work