In life insurance, what is a rider?

• A. An endorsement that modifies coverage
• B. A separate policy that is attached to the policy but not modifying
• C. A premium adjustment feature
• D. A claim form option

Answer: (A)

A rider is an optional endorsement attached to a life insurance policy that changes or adds to the coverage. It lets you tailor the policy by expanding the death benefit, adding new benefits (like waiver of premium or accelerated death benefit), or imposing different terms, usually for an extra premium. It is not a separate policy, and it’s not simply a premium adjustment feature or a claim form option.