Name three common riders.

• A. Waiver of premium, accelerated death benefit, and accidental death rider.
• B. Waiver of premium, term rider, disability rider.
• C. Extended term rider, accidental death rider, accelerated death benefit.
• D. Waiver of premium, extended term rider, and accidental death rider.

Answer: (A)

Riders are optional add-ons that expand or tailor a life insurance policy. Among the most common ones you’ll see are waiver of premium, accelerated death benefit, and accidental death rider. Waiver of premium kicks in if the insured becomes totally disabled, so the policy remains in force without the need to pay premiums. Accelerated death benefit lets a portion of the death benefit be accessed early if the insured has a qualifying illness, helping with medical or living expenses while still alive. Accidental death rider provides an extra payout if death results from an accident, on top of the base death benefit. Together, these three represent widely offered, practical protections that insurers commonly provide, which is why they’re the best choice. Other options may include riders like a term rider or disability rider, but they’re not as universally recognized as the most common trio described here.