Life Riders, Provisions, and Benefits

What this video covers

• What the entire-contract provision includes, and how a rider can add, limit, or change specified coverage
• How free-look rights differ from cash surrender, and how reduced paid-up insurance differs from extended term insurance
• How policy loans and withdrawals affect policy value and the death proceeds paid to beneficiaries
• The distinct functions of waiver of premium, waiver of monthly deduction, and disability-income riders
• Who must experience a qualifying event to trigger a payor benefit, and why illness does not trigger an accidental death and dismemberment (AD&D) rider
• How to apply a cost-of-living rider cap and calculate a suicide-benefit refund under the clause’s formula
• How an accelerated death benefit payout can differ from the reduction in the remaining death benefit