



How can a financial plan help in assessing the need for insurance riders? What are the long-term implications of adding or forgoing certain insurance riders?
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what is a rider in insurance
- How does a GMIB rider guarantee a minimum income amount based on the annuity's contract value?
- How does an exchange rider allow policyholders to exchange their current life insurance policy for a new one within the same company?
- Is there a waiting period before the coverage under a new rider takes effect? If you increase the coverage amount of your base insurance policy, can you also increase the coverage amount of related riders?
- What key details should you look for when reviewing your rider provisions?
- How does a payor benefit rider waive premiums if the premium payer becomes disabled or dies?
- Are there any penalties for cancelling a rider? How do you compare the riders offered by different insurance companies?
- For fixed annuities, how does an MVA rider adjust the surrender value based on interest rate changes?
- What are the tax implications of using an annuity's long-term care rider? What is a death benefit rider for annuities?
- How does an aviation rider provide coverage for individuals involved in aviation activities, such as pilots?
- Similar to a simultaneous death rider, how does a common disaster rider address the scenario where the insured and beneficiary die close together in time?
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