Question 1

What are life insurance riders?

Accepted Answer

Life insurance riders are additional features or benefits that can be added to a life insurance policy to customize it according to the policyholder&#8217;s needs. These riders provide extra coverage options beyond the basic death benefit.

Question 2

What life insurance riders does Pacific Life offer?

Accepted Answer

Pacific Life offers a range of life insurance riders to enhance their policies. Some of the riders they offer may include accelerated death benefit riders, long-term care riders, disability income riders, accidental death benefit riders, and waiver of premium riders. It is advisable to consult with Pacific Life or review their specific policy offerings for the most up-to-date information on available riders.

Question 3

What is an accelerated death benefit rider?

Accepted Answer

An accelerated death benefit rider is a type of rider that allows the policyholder to access a portion of their life insurance death benefit while they are still alive if they are diagnosed with a qualifying terminal illness or critical illness. This rider can help provide financial support for medical expenses or other needs during a difficult time.

Question 4

What is a long-term care rider?

Accepted Answer

A long-term care rider is a rider that can be added to a life insurance policy to provide coverage for long-term care expenses. If the policyholder requires long-term care services in the future, this rider can help cover costs associated with nursing homes, assisted living facilities, home healthcare, and other related services.

Question 5

What is a disability income rider?

Accepted Answer

A disability income rider is a rider that provides income replacement if the policyholder becomes disabled and is unable to work. It can help replace a portion of the policyholder&#8217;s lost income during the disability period, providing financial stability for the policyholder and their family.

Question 6

What is an accidental death benefit rider?

Accepted Answer

An accidental death benefit rider is a rider that provides an additional death benefit if the policyholder dies as a result of an accident. This rider can be added to a life insurance policy to increase the total benefit amount paid to the beneficiary in case of accidental death.

Question 7

What is a waiver of premium rider?

Accepted Answer

A waiver of premium rider is a rider that waives the premium payments on a life insurance policy if the policyholder becomes totally disabled and is unable to work. This rider ensures that the policy remains in force even if the policyholder is unable to pay the premiums due to disability.

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