Life Guardian Benefit Rider

The rider given as part of children's life insurance policies, in event of the guardian/parent's death, which would remove the premium-payer, the child's benefits is unchanged.

Apnainsurance.com Research Bureau

21 Dec 2007

The Life Guardian Benefit rider, which is offered as part of a children's life insurance policy, is similar to the Waiver of Premium rider - in the event of death of the parent/guardian of the insured child during the term of the policy, all future premiums are waived on the policy, with the policy remaining in force. In short, this rider ensures that the benefit to the child remains unchanged and undamaged in the event of death of the parent/guardian who would have paid the premiums in the normal course.

See also: Accidental Death Benefit Rider

Accidental Disability/Dismemberment Benefit Rider

Critical Illness Benefit Rider

Guaranteed Insurability Option Rider

Hospital Cash Benefit Rider

Waiver of Premium Rider

Term Rider

FAQs on Life Insurance Basics

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Life Insurance FAQs on Insurance Company and Insurance Agent

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