Rider
An add-on to your insurance policy that provides extra coverage or modifies existing terms. Riders let you customize a standard policy to fit your specific needs, usually for an additional premium. They are common in life and health insurance.
Real-World Example
Tom added a waiver-of-premium rider to his life insurance so his policy stays active if he becomes disabled and cannot work.
Related Terms
Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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