Additions or modification to the coverage of an insurance policy. The more common life insurance policy riders are as follows: Accidental Death Benefit, Cost-of Living Adjustment, Other Insured: Child Rider, Spouse Rider, Option to Purchase Additional Insurance, Return of Cash Value, Transfer of Insured, and Waiver of Premium.
Add-ons to a policy, i.e., a waiver of premiums, accidental death and dismemberment, or automatic premium loan.
(All) Supplemental agreement attached to and made a part of the policy, whether the policy's conditions are expanded and additional coverage added, coverage or condition is waived, or policy is in some other way customized to the needs of the insured.
Additional covers that can be added to a life policy, for a cost
Additional or supplementary benefits that are bought together with a main life policy on the same life and are combined for the purposes of collecting one premium. They ride on and are considered as part of the main policy. They could be added, amended or deleted from the main policy, any time, subject to risk assessment. Details and the terms and conditions of the benefits are clearly indicated in the main policy document.
An addition to an annuity contract that becomes a part of the annuity contract and that is as legally effective as any other part of the contract. Riders usually expand or limit the benefits under the contract.
Provisions that can be added on to a life insurance policy, such as coverage of additional family members, coverage of serious accidents, and the ability for employees to continue with coverage after they leave the company.
Addition to an insurance policy that changes the provisions of the policy.
Additional types of insurance protection that can sometimes be added for a cost to a policy to protect against a variety of other losses.
Extra benefits that may be purchased on a policy
An addition to an insurance policy that becomes a part of the contract.
Additions to insurance policies.
another name for clauses or endorsements; but more specifically, printed forms of special provisions that are not contained in the policy contract. In bonding, life insurance, and the Personal Accident department, such clauses are called riders instead of endorsements.