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Life Insurance Primers
Friday 21 December 2007
Term Rider
Friday 21 December 2007
| The
term rider acts in the same manner as a term life insurance policy - if the
insured were to die, the sum assured under the term rider is payable to the
nominee. In the event of death of the insured, this rider provides for a
payment equal to the sum assured or a pre-determined term rider sum defined in
the life insurance policy. The term rider is a pure insurance product and is
therefore a low-cost benefit. Insurance companies thus have a limit to the
maximum sum assured under this rider. See also: Accidental Death Benefit Rider Accidental Disability/Dismemberment Benefit Rider Critical Illness Benefit Rider Guaranteed Insurability Option Rider Hospital Cash Benefit Rider Life Guardian Benefit Rider Waiver of Premium 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 |
