Life Insurance with a Disability?
Will I be covered by my life insurance policy if I become disabled?
Most life insurance policies have a variety of optional coverage benefits, called policy riders, which may be available for an additional premium charge.
Disability riders may cover paying your insurance policy premiums while you’re disabled and may supplement your lost income.
An accelerated death benefit rider lets you collect a portion of your life insurance policy's death benefit if you become terminally ill with a short life expectancy, such as six months or one year.
A critical illness rider pays a lump sum to the insured person if you're diagnosed with one of the critical illnesses specified in your life insurance policy, such as cancer, stroke, heart attack, kidney failure and others. Instead of reimbursing you for medical expenses, the way health insurance does, a critical illness rider provides money to use for any purpose during the course of medical treatment.
Every life insurance company has their own selection of policy riders, so be sure to ask what’s available with your life insurance policy.
Learn more about life insurance disability riders