Life settlement
Accidental death benefit rider
Guaranteed purchase option
Accelerated death benefits
Cost-of-living rider
Waiver-of-premium provision
Blended Policies
Viatical Settlement
increases the face amount of life insurance if death occurs as a result of an accident.
allow part or all of the life insurance face amount to paid to a chronically or terminally ill policyholder before he or she dies, and the charge for the benefit is usually included into the premium.
under this provision, if the insured becomes totally disabled from bodily injury or disease before some stated age, all premiums coming due during the period of disability are waived.
a cash-value policy is combined with term insurance.
gives policyholders the right to purchase additional amounts of life insurance at specified times in the future without evidence of insurability.
is a financial transaction by which a policyholder who no longer needs or wants to keep a life insurance policy sells the policy to a third party for more than its cash value.
is the sale of a life insurance policy by a terminally ill insured to another party, typically to investors or investor groups who hope to profit by the insured's early death.
allows the policyholder to purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability.
