SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online newsletter so I can thank them personally.
Beth A. Botti, CFP®, ChFC, CLU, CDFA™
Financial Consultant
California Insurance License #0G24537
612 Wheelers Farms Road, Milford, CT 06460
Phone: 203-877-6556 Ext. 169
Fax: 203-301-0736
Email: beth.botti@equitable.com
March/April 2020
Taking a Ride with Life
Do you know that life insurance offers a variety of options depending on the type of policy, just like when you’re buying a new car? As in a new car, these options, known as “riders” in insurance-speak, can make all the difference. Take a look at the following riders* (in alphabetical order) and talk to your insurance professional to see if any fit with your insurance needs:
Accelerated Death Benefit Rider
If the insured person has a terminal illness, that person may receive a portion of the benefit while alive to pay medical expenses.Accidental Death Benefit Rider
This rider pays an additional amount of typically up to two times the death benefit in the event of an accidental death.Cost of Living Rider
Some whole life insurance policies allow you to increase your coverage by the same percentage the government’s Consumer Price Index increases.Guaranteed Insurability Rider
This rider guarantees that you can renew your policy regardless of health. Some policies even allow benefit increases at certain birthdays without medical underwriting.Long-Term Care Rider
Like the Accelerated Death Benefit Rider, this rider allows you to take early benefits to pay for long-term care.Paid-Up Additions Rider
This rider uses whole life dividends to increase the policy’s cash value and death benefit.Return of Premium Rider
A few term life insurance policies offer this rider, which returns some or all of the premium at the end of the agreed-upon term.Term Conversion Rider
This rider can be an important one for younger policy holders who buy term insurance because of its affordability,but intend to convert to whole life insurance down the line. The rider guarantees a coverage without medical underwriting.
Waiver of Premium Rider
If you become disabled and can no longer work, this rider will waive your premium payments.* Applications for life insurance are subject to underwriting. No insurance coverage exists unless a policy is issued and the required premium to put it in force is paid. Riders may incur an additional premium. Rider benefits may not be available in all states. Guarantees are based on the payment of required premiums and the claims paying ability of the issuer. Riders that pay benefits for events other than death will likely reduce the policy’s death benefit and cash value.
GE-2763334(10/19)(exp.10/21)
CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Duly registered and licensed financial professionals offer securities through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN), offer investment advisory products and services through Equitable Advisors, LLC, an SEC-registered investment advisor, and offer annuity and insurance products through Equitable Network, LLC (Equitable Network Insurance Agency of Utah, LLC in UT; Equitable Network of Puerto Rico, Inc.). Equal Opportunity Employer - M/F/D/V. Equitable Advisors and its associates and affiliates do not provide tax, accounting, or legal advice or services. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. Your connection to this website does not necessarily indicate that the sender is able to transact business in your state. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm's Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.
GE-6572038.1 (4/24)(Exp. 4/26)
CFP®, and CERTIFIED FINANCIAL PLANNER™ are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
www.equitable.com
Check the background of this investment professional on FINRA's BrokerCheck
Equitable Advisors, LLC and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.