Does New York Life offer any additional benefits or riders with its policies?

New York Life Insurance Company does indeed provide a range of additional benefits or riders that can be attached to its insurance policies, allowing policyholders to customize their coverage according to their specific needs. One common rider is the waiver of premium, which ensures that if the policyholder becomes disabled, their premiums will be waived, maintaining coverage without financial strain during a difficult time. Another popular option is the accelerated death benefit rider, which permits policyholders to access a portion of their death benefit while they are still alive in cases of terminal illness. This can offer financial relief and support to cover medical expenses or other immediate needs. New York Life also offers child term riders, which provide coverage for children of the policyholder, allowing them to be protected under a single policy. There are also accidental death benefit riders, which pay an additional benefit to the beneficiaries if the policyholder dies as the result of an accident. These riders can enhance the overall value and flexibility of a policy, but specific available riders may vary based on the type of insurance plan chosen. For a detailed list of options that may be available, policyholders may wish to visit the current website or refer to their individual policy documents for more comprehensive information on the additional benefits and riders provided by New York Life Insurance Company.