Life insurance companies offer a number of riders that can be tacked on to whole life policies. (All riders may not be offered by all companies, and many insurers offer other specialized riders not listed here, so check with your agent.)
Accidental death benefit rider: Pays an additional benefit if you die in an accident.Disability income rider: Provides regular income from the insurance company if you become totally and permanently disabled. Level terms rider: Adds a fixed amount of term insurance to the whole life policy for a specified period Living benefits rider, also known as accelerated death benefit: Pays an portion of your death benefit during your lifetime if you are diagnosed with a terminal illness and have a specificed life expectancy (such as 12 months). You can add this rider after buying the policy.Long term care (LTC) rider: Pays for LTC expenses if you meet certain criteria.Policy purchase option: Gives you the contractual right to purchase additional insurance without evidence of insurability. For example, you may need additional life insurance after the birth of a child.Waiver of premium rider: Waives premiums if you become disabled or unemployed. (Terms vary by insurer.)
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