Riders life insurance can provide a plan B

So you've decided to buy life insurance to protect your family or your business?

Good move.

But there is more to buying than simply signing on the dotted line.

You must pay particular attention to the policy add-ons that insurers offer. In industry, these add-ons are known as runners. As a guarantee or other consumer purchases, riders may give policyholders additional benefits and increase peace of mind if something goes wrong, there is a plan B.

And then they can vary in price, they are, at least, prudent to consider

some of the riders that I make sure that my customers know foremost protection plan is completed :.

Waiver of Premium: This means that the insurance company pays the premiums of your policy should you become totally disabled. If you neglect it and become disabled and can not work, how do you afford your premiums? So it makes sense to have this rider

insurability rider :. If you qualify for this amendment, it is logical to consider it because it allows you to purchase additional coverage in the future without evidence of insurability. And nobody knows what the life of our health years down the road

Forward Conversion runner :. This jumper allows you to convert your term life insurance into permanent life insurance without a medical examination. This is attractive to many people, but it can be especially true for young people who start their career and family. A person in this position may need coverage but can not afford to buy permanent insurance. This option allows them to convert their temporary insurance when they need permanent insurance is logical and without additional subscription.

The decision to buy life insurance is important. So make sure you ask all the necessary questions and review your plan B in the planning table.

Shelley M. Fiore, CLU, CHFC, CLTC, LIC, is co-general agent of Detroit Financial Group, a general agency of MassMutual. You can contact her at sfiore@finsvcs.com.