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My husband is a rider on my life insurance policy if he dies before me what do I do?
Wiki User
∙ 14y ago
I don't understand what you mean by ''he is a rider'', do you mean he is the named beneficiary? If so and he dies prior to you, you need to name another beneficiary, or perhaps you already have a 'second' or contingent beneficiary, in that case the money would be paid to this contengient if the primary beneficary is deceased.
Wiki User
∙ 14y ago
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What is a ce rider in life insurance?
The term refers to a "coverage extension rider". It is sometimes available in "first to die" insurance arrangements, such as when a single policy covers a husband and wife. It will provide that if both the policy and the rider are in force until the maturity date of the policy (usually at age 100), the policy proceeds will be paid at the death of the younger insured.
What is a health insurance rider?
A provision in an insurance policy allowing for amendments to its terms and/or coverage. Usually riders are placed on health insurance companies to exclude specific pre-existing conditions. The insurance rider is an added feature to a policy. An example is a money back rider on a term policy which would return the premiums at the end of the policy term. You generally pay extra for a rider as it is an additional benefit.
Can a health rider on a life insurance policy have different maturity dates?
Although "health rider" is not really a term of art in the US life insurance market, in other places it refers to something like a critical illness policy that is annexed to a life insurance policy. If the insured becomes ill or injured from a cause covered by the rider, the rider may allow the insured access to the life insurance proceeds to assist in the payment of medical expenses as they accrue. A rider of any sort usually is for the same duration as the policy. Therefore, as long as premiums are paid for the policy (and for the rider if it requires an additional premium), and the coverages began at the same time, they should be coterminous. Keep in mind, though, that the terms and conditions of the insurance contract always prevail.
What is a rider in a long term care insurance policy?
a long-term care insurance rider is an optional benefit in your insurance policy that provides addition advantage and benefit. An example is the share care rider which is applicable to couples, another one is the inflation protection rider that increases your daily benefits so you can cope up with inflation. There are some long-term care insurance that already includes rider, it is better to study which among these riders will fit you best.
What are the provisions of an insurance policy called?
A provision of an insurance company is often called an automatic premium loan. A provision is often added to life insurance policies as a rider on an insurance policy that has a cash value.
Will life insurance pay off early if the insured is diagnosed with a terminal disease?
Yes, if you have the Accelerated Death Benefit rider on the policy. Usually this rider is added automatically at no additional cost to your policy, so please check your policy details or insurance agent/company for details.
Does mobile home insurance cover flooding?
Usually flood insurance is a separate policy, for mobile homes or any other kind of home. Check the details of your policy, but normally flood insurance requires a separate policy or rider.
What is an insurance endorsement?
An insurance endorsement (also known as a rider) is a document that is attached to an insurance policy which modifies or changes the coverage provided in that policy. An example endorsement is one that is placed on homeowner's insurance which protects the homeowner from floods.
Is term life insurance spouse rider policy valid after divorce?
It would be valid only after due intimation of divorce and remarriage details to the Insurance Company within the tenure of the policy bond by the policy holder.
What type of insurance replaces income if you a long illness or injury and cannot work?
You would need a whole life or an universal life policy with an income rider, and possibly a long term care insurance policy which would fall under a health insurance policy.
Is there a rider available for a universal life insurance policy?
Yes, which one do you want? Why did you not ask your agent? There is a WP (Waiver of premium) rider AD&D rider A GPO rider... it all depends on what company it is as to what riders are available and how good they are. 4lifeguild
What is the difference between a rider and a primary on life insurance?
Primary insured is the 1st insured or..well....primary. The second insured would be added as a rider just as other benefits would. So a Husband and wife could be insured on one policy. This may or may not be a good thing depending on what you are trying to do. 4LifeGuild
