22 Special Life Insurance Provisions and Riders Worth Knowing About
In addition to the many required legal provisions of a life insurance contract, many life insurance contracts include special provisions, … Read more
In addition to the many required legal provisions of a life insurance contract, many life insurance contracts include special provisions, … Read more
Waiver, the intentional and voluntary surrender of a “known right,” is an act which the insurer may (or may not) … Read more
The change of insured provision or rider is an attractive option in business insurance applications such as key person insurance … Read more
Some policies provide a change of plan provision that gives the policyowner the privilege of exchanging the policy for some … Read more
Most current assumption and universal life policies use surrender charges rather than front-end loads to recover issuing expenses if the … Read more
Many companies provide an automatic premium loan provision, but the policyowner must in some states actively elect to make the … Read more
The early cash value rider is an optional rider providing for higher cash values in the early years of a … Read more
Policyowners can add extension of benefits riders to their policies with accelerated death benefit (ADBR) or long-term care (LTC) riders … Read more
A benefit sometimes included with an ADB rider, but which insurers also offer separately, is the catastrophic illness rider. When … Read more
Although most companies provide the basic four dividend options—(1) cash, (2) reduced premiums, (3) dividend accumulations at interest, and (4) … Read more