What is a rider on life insurance policy?
Think of buying a car. You can purchase a basic car or you can purchase one with various options.
Riders are the "options" added to a basic policy. For example, you might want to add a Renewal provision that allows you to modify coverage (for example increase the amount because you just had twins) without another medical examination.
Riders increase the cost of the policy, so you have to be careful to choose only those beneficial to your situation.
Here is a link that might be useful: List of Common Riders
We got a rider on my jewelry and my doll collection. I think the best way to explain it is....it covers things a regular policy doesn't.
"Rider is person you want to add on your policy. I was aske wether you want any rideron your policy, while buying term life insurance. Also who you want to declare as beneficary.
Here is a link that might be useful: term life insurance
Rider? Is it life insurance or car insurance? Hehe. Prudential Life.