What Is Rider?
An optional add-on or amendment to a life insurance policy that provides additional benefits or modifies coverage, such as a waiver of premium or accelerated death benefit.
Rider across 3 exams
Rider appears on the following exams. Each defines it in the context candidates are tested on:
- Life Insurance
- An optional add-on or amendment to a life insurance policy that provides additional benefits or modifies coverage, such as a waiver of premium or accelerated death benefit.
- Health Insurance
- An amendment attached to a policy that adds, modifies, or excludes coverage, allowing the policy to be tailored to the insured's needs.
- Health-Only Insurance
- An optional provision added to a policy that expands, limits, or modifies its coverage. Common examples include a waiver of premium rider or a guaranteed insurability rider.