What is the primary purpose of a riders in a life insurance policy?

The primary purpose of riders in a life insurance policy is to add additional benefits to the policy. Riders are optional provisions that policyholders can choose to include for an extra premium, enabling customization of the insurance contract to better meet individual needs. For instance, common riders might offer coverage for critical illness, disability, or accidental death, enhancing the protection provided by the base policy.

This adaptability allows policyholders to tailor their coverage based on personal circumstances or changing life situations, making riders a valuable feature in life insurance planning. By adding these benefits, the policy can better serve specific needs, such as ensuring that policyholders and their beneficiaries receive additional financial support in certain situations.