Practice Quiz

Health and Life Insurance

Category - Annuities & Policies

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What is a “rider” on an insurance policy?
  1. A special provision used to exclude benefits from a policy
  2. A special provision used to provide benefits not in the original policy
  3. A special provision used to keep premiums level over the policy
  4. A special provision used to prove insurability for a new policy
Explanation
Answer: B - A “rider” on an insurance policy is a special provision used to provide benefits not in the original policy. The concept of a rider is that they cannot exist on their own. A rider only has force and effect when it is attached to a policy.
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