Write 600–800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas. Minim of 3 references-
Please original work, I will ask for a refund back if it goes over 20%.
Part 1
Many benefits, known as riders, can be added on to life insurance policies. Some are added at no cost to the insured, and some have an additional cost. They provide additional protection to the insured. Define the following types of riders, and list the benefits of each:
- Long-term-care insurance rider
- Waiver-of-premium rider
- Cost-of-living rider
- Accelerated death benefit rider
- Double indemnity rider
- Guaranteed purchase option
Part 2
Briefly describe the following types of life insurance policies:
- Variable life
- Term life
- Universal life