We zeroed in on the riders available on life insurance. The most prevalent are chronic illness riders. Not much attention has been given to how widely benefit amounts can vary or what the actual cost to accelerate is (at the time of claim). Read on to see what we found.
Most life insurance products offer some form of living benefit riders. These riders can either be built into the policy or made available as an add-on. Look at some options here.
Let’s look back on where the ‘twenty-teens’ brought us. With regulation changes and beyond, we’ve seen some movements on all life product lines in the past nine years.
Though the concept of long-term care (LTC) is not a new one, we have seen a resurgence in its popularity integrated into life insurance. These once-expensive, standalone products that covered the cost of care in the event of a chronic illness or disability have found a new home in the pared-down form of long-term care combination (LTC Combo) products.
Every client has different priorities when purchasing life insurance. Long Term Care and Chronic Illness riders may be exactly what they need.