A term life insurance policy in itself is a boon to the financial security of a family, and if a person gives it a boost by adding some additional riders to the policy, then they can be extra sure about the wellbeing of their loved ones. The term life insurance policy only provides benefits to the nominees in the case of an untimely death of the policyholder, whereas the additional riders can provide an extra cover to the nominees even when the policyholder is alive. The additional policy riders can be of many types- additional death benefit Top Up, Spouse cover, multiple options for the payouts, child support benefits and many more. As all the names suggest, all these additional riders effectively safeguard a person's loved ones.
Types of additional riders-:
Benefits of additional rider to the term life insurance policy:
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April 2022
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