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Insurance & Risk Management
11. Chapter 12: Life Insurance Contractual Provisions/Additional life insurance benefits
11. Chapter 12: Life Insurance Contractual Provisions Illustration
Syllabus Slides

Additional life insurance benefits

01.Core Concepts

The accidental death benefit rider doubles the face amount of life insurance if death occurs as a result of an accident The cost-of-living rider allows the policyholder to purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability The accelerated death benefits rider allows insureds who are terminally ill to collect part or all of their life insurance benefits before they die ‹#›