I was recently asked this question,”What is a life insurance rider?” I did not realize that someone would not know what it really means.
The best way to explain what a life insurance rider is as follows:
Riders are modifications to the basic insurance policy added at the same time the policy is issued. Riders are [...]

Life Insurance is a contract between the policy owner and the insurer. The insurer agrees to pay a sum of money in the event of the policy holders death to the designated Beneficiary.
A Life Insurance Policy is based upon life of the person named in the policy. The policy is paid out when the following [...]