Life Insurance Basics
What is a life insurance disability income rider?
A disability income rider on a life insurance policy pays a monthly income benefit if you become totally disabled. The rider provides disability income protection without purchasing a separate disability insurance policy. However, the disability income rider is typically less comprehensive than a standalone disability insurance policy.
Key Points
- Disability income rider: pays monthly income if you become totally disabled
- Provides disability income protection within a life insurance policy
- Less comprehensive than standalone disability insurance
- May be a cost-effective option for people who cannot afford both policies
- An independent agent can help you compare disability income riders vs. standalone disability insurance