Like adding milk, cream, or sugar to a cup of coffee, riders allow you to have life insurance exactly the way you want it. Consider these flexible, affordable policy additions and ask us how to add them to your policy.
Accelerated Death Benefit Rider
(Automatically included at no premium charge.)
Pays up to 50 percent of the base policy’s death benefit up to $250,000, including paid-up additions, if a verified physician’s statement indicates the insured has a terminal illness which will result in death within 12 months.
Available with: All SBLI life insurance products.
Children’s Level Term Rider
Provides coverage at one low cost for all natural or legally adopted children who are unmarried, financially dependent on the insured, and are older than 15 days and less than 23 years old at time of issue. It is convertible to a permanent SBLI life insurance policy for up to five times the rider’s face amount.
Available with: SBLI whole life insurance, SBLI term life insurance
Guaranteed Purchase Option Rider
Allows the insured to buy more coverage at specified ages or life events with no medical exams or health questions.
Available with: SBLI whole life insurance
Single-Pay Paid-Up Additions Rider
Allows the insured to make a single additional cash deposit at the time of policy issue to enhance the policy’s death benefit and cash value.
Available with: SBLI whole life insurance
Waiver of Premium Rider
Waives premiums if the insured becomes totally and permanently disabled.
Available with: SBLI whole life insurance, SBLI term life insurance
Accidental Death Benefit Rider
Pays the rider’s face amount in addition to the base policy’s death benefit if the insured dies within 180 days due to an accident, as indicated by a physician’s statement or a death certificate.
Available with: All SBLI life insurance products.
Guaranteed Level Premium Term Rider
Can be added to SBLI whole life insurance to provide additional, affordable term life insurance coverage for 10, 15, 20, 25, or 30 years. The rider also has conversion privileges.
Available with: SBLI whole life insurance
Not all riders are available for all products. An Accelerated Death Benefit rider is automatic and free. Other riders are available at an additional cost. Policy form series BC-40.1, 18-R-AXRDB/ICC18-R-AXRDB, BN-8, BN-9, BN-50, BN-56, and 14-WOPR.
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