Life Insurance Riders

8 Common Life Insurance Riders

8 Common Life Insurance Riders Accelerated death benefit rider (ADB): This rider allows you to access a portion of your death benefit while you are still alive if you are diagnosed with a terminal illness. This can help you pay for medical expenses, long-term care, or other expenses. Guaranteed insurability rider (GI): This rider guarantees…

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Increasing Term Insurance

Increasing Term Insurance

Increasing Term Insurance Increasing term insurance is term that provides a death benefit that increases at periodic intervals over the policies term. The amount increase is usually stated as specific amounts or as a percentage of the original amount. It may also be tied to a cost of living index, such as the Consumer Price…

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Medicare Card

Capitalize On Supplemental Benefits With Medicare Advantage

Capitalize On Supplemental Benefits With Medicare Advantage Most Medicare Advantage (MA) enrollees use one or more supplemental benefits, with most health plan members using multiple benefits, according to a newly released report from the Elevance Health Public Policy Institute. The analysis concludes that MA enrollees see value in plans with supplemental benefits to address personalized…

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Father and Daughter

Grasping Convertible Term

Grasping Convertible Term Convertible term life insurance is a type of term life insurance that gives you the option to convert it to a permanent life insurance policy, such as whole life insurance or universal life insurance, without having to undergo another medical exam. This can be a valuable option if your health changes or…

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