Life insurance riders are optional benefits that you can buy to enhance your policy. Some of the more common ones are guaranteed insurability benefit, which lets you buy more insurance at a future date without medical evidence of insurability. Another common one is disability waiver of premium, which waives your monthly premiums for as long as you are disabled from work.
We have insurance riders on items not regulary covered under our homeowner's insurance. Things like fire arms, jewelry, antiques, recreational vehicles and things like that are things that are usually covered by riders. You will need to check with your agent to find out what is covered and what you might need extra coverage for.
An insurance policy is a standard document that applies to everyone that has the same kind of insurance. At the end of the document it may have a specific paragraph that applies only to you. That is a rider. It is a special statement that makes some type of exception to the terms of the policy.
The riders are those benefits allowed by the Insurance Company by paying little bit extra premium when the policy holder is no more. Riders like premium waiver benefit helps the widow a lot when the bread winner of the policy has already expired and no premium has to be paid till the maturity of the policy !
A rider is a lay-mans term. The industry term is an "Endorsement". It is usually to add additional coverage or to exclude coverage for a specified item or peril.
A term life insurance policy is one that lasts for a finite period of time. The premium can stay level or increase with age, depending upon the product. Various kinds of riders are available for an additional premium (just as with whole life insurance policies). These include riders that undertake to pay the premium if the insured becomes disabled. If you can be more specific as to what you mean by a "term rider", I would be pleased to try to provide you with a further explanation.
What do you mean "Sell" the life insurance policy? Once it is back in force and you are the owner, you can cash it in at any time if there is in fact a cash value. I guess you would have to better define what you mean by selling it.
If you mean to ask if you can get a life insurance policy on your new husband WHILE HE IS in the state of New York and you're not there, the answer is no. He has to sign the application. If you mean to ask if you can get a life insurance policy on your new husband AND BOTH OF YOU ARE IN NEW YORK, yes because he can sign the application. If you mean to ask if you can get a life insurance policy on your new husband WITHOUT HIS KNOWLEDGE, the answer is no because he has to sign the application.
An insurance policy that pays a monetary benefit to the insured person's survivors after death.
You mean either covenant or caveat. Either way, you should contact the issuer of the policy.
payout reflects military rank
Do you mean as owner or as beneficiary? Either way, yes.
In the context of a life insurance policy, it stands for Certificate of Death. It is significant because the occurrence that traiggers the insurer's duty to pay is the death of the insured. The Certiificate of Death is the official documentation of death which will satisfy that requirement of the policy.
Some health insurance plans offer a AD&D Life Insurance Policy. That is why you would name a beneficiary for a health insurance company.
No, there is not. The amount of insurance, and who has it, is personal information and protected by law. There is a policy locator service database. For a fee, you can find out what applications for insurance were made. They point out that just because someone filed an application does not mean they were actually issued a policy.
It means you want to cancel the policy. If there is cash value in the policy, surrender charges will be deducted from the cash value and you will get the remaining balance.
Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.