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Accelerated
Benefit Rider: If the
insured is expected to die within 12 months, we will advance to the
owner a certain portion of the policy’s death benefit subject to
current company guidelines.
Accidental Death
Benefit: If the insured’s
death results from accidental bodily injury while the base policy and
this benefit are in force and prior to the policy anniversary
immediately following the 70th birthday, then we will pay an additional
amount to the beneficiaries of the base policy, subject to certain
qualifications.
Children’s
Insurance Rider: Provides
term life insurance to age 24 on the children of the person insured by
the base policy (or to the insured’s age 65, if earlier).
Cost of Living
Adjustment (COLA)Rider:
Beginning with the second policy year, this rider automatically
increases the specified amount of coverage on the policy’s insured
based on the percentage increase in the consumer price index. No new
evidence of insurability is needed.
Guaranteed
Increase Option: The insured has the privilege of increasing the
specified amount of insurance on his/her life at the same class of risk
as the original policy without evidence of insurability on each of the
option dates specified in the rider.
Spouse Insurance
Rider: Provides term
insurance on the spouse of the person insured by the base policy. The
cost of insurance for this coverage is deducted from the policy value.
The insured may convert it to a permanent insurance plan subject to
current company guidelines.
Survivor Purchase
Option Rider: The
beneficiary for the base policy may purchase insurance on a
"Designated Person" within 90 days after the insured’s death
without new evidence of insurability. All underwriting is done at the
time the original policy was issued.
Term Insurance
Rider: Provides term
insurance on the Insured to age 100. The cost of insurance for this
coverage is deducted from the policy value. The insured may convert to a
permanent insurance plan subject to current company guidelines.
Waiver of Monthly
Deduction Benefit: If
the Insured becomes totally disabled prior to his/her 65th birthday
while the base policy is in force, and continues to be disabled for a
period of at least six months, then payment of premiums under the
policy, including any supplemental benefits, will be waived as of the
date of disability, for as long as the insured remains disabled during
the premium paying period of the policy.
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Riders and supplemental benefits may be subject to underwriting
availability and additional costs. Not all riders and supplemental
benefits are available for each product underwritten by The
Lafayette Life. For more information contact your agent.
Form
#1945 |