Be prepared to answer questions about your personal history, such as age, medical condition, medical history, family history and personal habits. It is important to answer these questions carefully and truthfully. Provision or riders that provide additional benefits can be added to a policy. One such rider is a waiver of premium for disability, which means if you become disabled for a specific period of time, you do not have to pay premiums for the duration of the disability. Other riders include accidental death benefit providing for an additional benefit in case a death is a result of an accident.
Some companies also offer accelerated death benefits, also know as living benefits.
This rider allows you under certain circumstances to receive proceeds of your life insurance policy before you die. Only the insured and their accountant should complete a BI worksheet. The layout, instructions, and Notes make it easy for the accountant and the insured to complete an accurate BI worksheet. TRC worksheets are slightly longer than some others are, only because our objective is to help the insured select a more accurate and adequate amount of insurance. Dependent Properties Coverage, Contract Penalties Coverage, Coverage for Personal Property Away from the Insured s Premises, Leasehold Interest Coverage, and Royalties Coverage.