Riders are essentially additional benefits added to an insurance policy that often require an additional premium payment. In this way, riders can customize a life insurance policy to address specific needs or concerns. Here are the most important life insurance riders to consider.

1. Important Life
Insurance Riders
to consider

2. Riders are essentially additional
benefits added to an insurance
policy that often require an
additional premium payment. In
this way, riders can customize a
life insurance policy to address
specific needs or concerns.

3. Adding a rider to a policy
versus taking out a separate
policy can mean substantial
savings for the insured.

4. Some policies allow the insured to add multiple
coverages to the same insured on one policy so
they can split their coverage into two different
styles.
For example, they can customize their plan so that
part of it is at a level cost, while the other part
could be 10, 20, or 30 year term insurance.
Multiple Life Insurance
Coverages on One Client

5. A Spousal Rider
Many life insurance policies allow the
primary insured to add a second life
insured to the policy. Some companies
allow up to five insured customers under
a single policy fee.

6. A number of life insurance policies
allows the primary insured to add a
Critical Illness rider on themselves or a
spouse.
Critical Illness Riders

7. Disability Insurance Riders
A few life insurance policies allow the insured
to add a disability insurance rider to the
policy. Don’t mistake this as a Disability Waiver
Benefit because the Disability Waiver simply
waives the insured’s life insurance premium,
while a disability insurance rider replaces a
portion of the insured income.

8. Almost all insurance companies allow the applicant to
add a child life insurance rider with coverage ranging
anywhere from $5,000 to $50,000; yet only a handful of
companies — among them allows the primary insurer
to add a children’s critical illness insurance rider, which
pays out a lump sum if one of the insured’s children is
diagnosed with a covered Critical Illness.
A Child Life Insurance or Child
Critical Illness Rider

9. Talk to our experienced financial
advisors about your life
insurance rider options.

10. 18558687878 csteam@trustlife.ca
www.trustlife.ca