Can I add riders to an existing life insurance policy?

Yes, it is possible to add riders to an existing life insurance policy, but the specific options may depend on the terms of the policy and the insurer’s guidelines. Riders are additional provisions that can expand coverage or modify the terms of the policy. Common types of riders include accelerated death benefit riders, accidental death riders, and waiver of premium riders. To add a rider, policyholders typically need to contact the insurance provider to discuss the available options and any requirements that may need to be met, such as undergoing a medical evaluation. Once the rider is approved, it will enhance the policy according to the terms agreed upon. It is advisable for individuals to review their policy documents carefully and consult the relevant resources on the company’s website for specific details about their options. This will help ensure that they fully understand the implications of adding a rider to their existing coverage.