Life Insurance Riders and supplementary benefits

Riders and supplementary benefits provide additional benefits upon death, or before the death of the life insured. They are the “extras” that can be added to customize a policy to better address a policyholder’s unique needs.

The following riders will let you customize your UL policy with extra coverage options. Some riders are available on select plans only. We can help you decide which riders are right for you.

Waiver of Planned Premiums

This rider waives planned premiums (up to a defined maximum) if the person insured under this rider is considered totally disabled before age 65.

 

Payor Waiver of Planned Premiums

This rider, which is attached to a policy on the life of a child, waives the payment of planned premiums (up to a defined maximum) if the person responsible for paying the premiums dies or is considered totally disabled before age 65. Premiums will continue to be waived until the child is age 25.

 

Waiver of Monthly Deduction

This rider waives the payment of planned premiums (up to a defined maximum) if the person insured under this rider is considered totally disabled before age 65.

 

Term Riders

Term riders add an extra layer of temporary insurance protection to your life insurance policy for a 10-, 20- or 30-year term.

 

Contact us for information on eligibility and limitations.

Critical Illness Protection

This rider is available in 4-condition or 25-condition coverage. It pays a one-time, lump-sum payment if you become critically ill with one of the Critical Illness Covered Conditions and survive the 30-day survival period.

It also includes unlimited access to Advance Medical for expert opinions at no extra cost.#(6)

Accidental death rider

 

Level Cost of Insurance

This rider provides:

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    that the cost of coverage is fixed and payable until age 100

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    one policy fee

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    combined premium payments

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    enhanced tax deferral opportunities

Available only on level death benefit policies with an Annual Renewable Term (ART) Cost of Insurance (COI) base.

 

Payor Waiver of Monthly Deductions

This rider, which is attached to a policy on the life of a child, waives the monthly deductions, which are the insurance charges and the administration charges, for the policy if the person responsible for paying the premiums dies or is considered totally disabled before age 65. Premiums will continue to be waived until the child is age 25.

 

Children’s Insurance

This rider provides:

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    low-cost term life coverage on the lives of your children

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    a guarantee of their insurability if they want to convert their own coverage to an eligible insurance plan when they become adults

 

AD&D (Accidental Death and Dismemberment)

This rider provides an additional benefit in the case of dismemberment or death resulting from an accident.

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