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Life Insurance Primers
Friday 21 December 2007
Life Guardian Benefit Rider
Friday 21 December 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 Life Insurance FAQs on Premiums Life Insurance FAQs on Claims Life Insurance FAQs on Insurance Company and Insurance Agent |
