What options are available for riders on Manulife life insurance policies?

Manulife Financial offers a variety of riders that can be added to their life insurance policies to enhance coverage and provide additional benefits. These riders allow policyholders to customize their insurance to better fit their individual needs and circumstances. One common rider available is the Accelerated Death Benefit rider. This rider permits policyholders to access a portion of their death benefit in the event they are diagnosed with a terminal illness. This financial support can be crucial for covering medical expenses or making necessary plans during difficult times. Another option is the Critical Illness rider. This rider provides a lump sum payment if the policyholder is diagnosed with a covered critical illness, such as cancer, heart attack, or stroke. This can help alleviate financial strain while dealing with medical treatment and recovery. Moreover, the Waiver of Premium rider can be beneficial. If the policyholder becomes disabled and is unable to work, this rider waives premium payments, ensuring that the life insurance coverage remains active during the period of disability. Additionally, Manulife may offer options for Child Riders, which provide coverage for dependent children, ensuring protection at a young age. It is advisable for individuals to review the specific riders available with their chosen policy to fully understand their features and benefits. For more information regarding specific riders, it may be helpful to visit the current Manulife website or consult a qualified insurance advisor.