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What Is the Family Income Rider? – Definition, Work, Considerations

family income rider

Family Income Rider Definition

A family income rider is the adding to the life insurance policy that provides the beneficiary with the amount of money. It equals to the policyholder’s monthly income in the event the policyholder dies.

And the rider types of the death benefit. And it specifies the term for the additional coverage and eventually expires if the insured’s death does not activate it.

Additional Information:

How does the Family Income Rider Work?

Also Read: What is DHFL Pramerica Family Income Plan? – Features, Benefits, and More

What are Special Considerations?

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