A standard life insurance policy may not be fufill the needs of every family. Fortunately, there are additional coverages called "riders" that can be added to your life insurance policy to enhance coverage to meet your specific needs. Once you've determined the type of policy that you wish to purchase, term or whole life, then you can take a look at filling any potential gaps with a policy rider. Here are just six of the most common riders and the ways that they can customize your life insurance coverage.
Waiver of Premium Rider
Insurance policies require the payment of a premium, most commonly annually or monthly, to remain in force. If you become disabled or lose your income as a result of illness or injury, this rider can protect your policy by waiving premium payments until you get back on your feet.