Disability and critical insurance can seem complicated – not only must you choose the right level of coverage, but you also have the option of adding an insurance rider to your policy; as with home insurance, many life insurance policies come with riders. But what exactly is an insurance rider, and how do they work? And what should policy holders be aware of when adding one to their coverage?
The concept of insurance is simple – pay a little bit now and know you and your family will be financially covered later on. But what if you’re already sick, living with a chronic condition, or discover you’ve somehow voided your coverage? This week’s Money Wise guide is all about the insurance questions you were afraid to ask.