Across
- 3. This is an additional benefit available with many life insurance policies, either automatically or as an optional rider. It provides for an additional amount of insurance, generally equal to the face amount of the policy but subject to maximums set by the company, payable if death occurs as the result of an accident. If the accident occurs while the insured is a passenger in a public conveyance, the additional insurance payable is often doubled. This benefit is sometimes also known as Double Indemnity (DI) or Accidental Death Benefit (ADB).
- 5. A rider (endorsement) that is added to an insurance policy to provide additional benefits.
- 9. Riders that pay annual dividends.
- 12. A provision that under certain conditions a traditional life insurance policy will be kept in full force by the company without further payment of premiums, as long as the insured remains disabled. For Universal Life policies the monthly cost of insurance and expense charges are waived.
- 13. A form of insurance which provides a level death benefit coverage for a child of the insured. At the death of the insured while the rider is active, it results in a paid-up policy being issued on the child's life.
- 14. This is an additional benefit available with many life insurance policies, either automatically or as an optional rider. It provides for an additional amount of insurance, generally equal to the face amount of the policy but subject to maximums set by the company, payable if death occurs as the result of an accident. If the accident occurs while the insured is a passenger in a public conveyance, the additional insurance payable is often doubled. This benefit is sometimes also known as Double Indemnity (DI) or Additional Insurance Benefit (AIB).
Down
- 1. This is an additional benefit available with many life insurance policies either automatically or as an optional rider and it provides for an additional amount of insurance, generally equal to the face amount of the policy but subject to maximums set by the company, payable if death occurs as the result of an accident. If the accident occurs while the insured was a passenger in a public conveyance, the additional insurance payable is often doubled. This benefit is sometimes known as the Accidental Death Benefit (ADB) or Additional Insurance Benefit (AIB).
- 2. An option available in some life insurance policies that permits the insured to buy additional specified amounts of insurance at specified future time intervals without evidence of insurability. MetLife offers a Guaranteed Issue Rider (GIR) as an optional rider on many life insurance policies.
- 4. available at a cost to the customer. If a policy has this rider and the insured becomes disabled, the company will pay an amount specified in the contract. The money may pay for cost of insurance, per thousand loads, flat loads, ride charges and can contribute to the cash value.
- 6. Policy option that insures the policy will not lapse for a fixed number of years regardless of the market performance of the underlying funds assuming that the planned premium is paid.
- 7. A form of insurance protection which provides decreasing term insurance that at the insured's death, a guaranteed monthly income per unit can be paid until the end of the Family Income Period measured from the date of issuance of the contract. The basic policy proceeds are payable on the date of death and may be taken in one sum or placed under any of the available payment options.
- 8. An addition to an insurance policy that becomes a part of the policy and that expands or limits the benefits otherwise payable
- 10. An addition to an insurance policy that becomes a part of the policy and which expands or limits the benefits otherwise payable. Examples are accidental death benefit and the waiver of premium for disability benefit riders (also referred to as Rider).
- 11. A form of insurance which provides a level death benefit coverage for a spouse of the insured. At the death of the insured while the rider is active, it results in a paid-up policy being issued on the spouse's life.