Disability Income Rider

A monthly income during the disability — A disability income rider pays the insured a monthly income if the insured becomes totally disabled, typically after a waiting period, for as long as the disability continues, subject to the rider's benefit period. It is added to a life insurance policy to replace lost earnings during a period of disability. This is distinct from a waiver-of-premium rider, which pays the policy premiums instead of providing income. The rider's cost depends on the benefit amount, the waiting period, and the definition of total disability stated in the policy.

National insurance concept

Pay a monthly income to the insured during the disability — A disability income rider on a life policy provides monthly income payments to the insured if total disability occurs, replacing lost earnings. Benefits are typically expressed as a stated monthly amount or a percentage of the face amount, and payments begin after an elimination period while the insured remains disabled. The rider does not increase the death benefit, does not convert the policy to health insurance, and does not pay the death benefit early. The base life policy remains in force, often with premiums waived under a related waiver provision.

National insurance concept