What is a rider in a life insurance policy?

A rider in a life insurance policy is indeed an optional add-on feature that modifies the coverage or benefits of the policy. Riders allow policyholders to customize their insurance to better meet their individual needs and circumstances. For instance, a policyholder might choose to add a rider that provides additional coverage for critical illness or accidental death, or one that allows for the acceleration of benefits in the event of a terminal illness. This flexibility helps ensure that the policyholder can tailor their protection in a way that aligns with their specific goals and situations. Each rider has its own terms and conditions, which can enhance or adjust the base policy's coverage.