Additional riders and benefits often can be added to a life insurance policy to provide greater protection

Question:

Additional riders and benefits often can be added to a life insurance policy to provide greater protection to the insured. Describe each of the following riders and options:
a. Waiver-of-premium provision
b. Guaranteed purchase option
c. Double indemnity rider
d. Cost-of-living rider
e. Accelerated benefits rider

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

Question Posted: