what is the deference in face value and rider value in life insurance?
What is face value ? What is rider amount?
I got a life insurance with 250K coverage. (Face Value) Somebody told me that if I have 150K for face value and 100 for rider my premium will be lower. Is this correct . Please help me it is confusing for me.
Tags: amount, deference, face, face value, insurance, life, life insurance, rider, value
Related Items
- How do I buy life insurance ?
Many people who buy a life insurance is a first-timer, so the whole process is entirely alien to them. However, once you’ve decided that you need life... - I have to get a medical done for Life Insurance. What can I expect?
My husband had his medical done last week and he had to strip down to his underwear. The doctor took his measurements & weighed him, but being a woman... - Any advice on decent good value pet health insurance in the UK?
My partner and I have just got a cat, and we'd like to get insurance to cover vet bills should she get ill. Does anyone have any advice on relevant co... - who gives best value family medical insurance?
i'm looking for a new provide to give medical insurance for a family of 5. All children are under 16 years of age ... - What sort of Private Medical Insurance could you get for NHS contributions?
If the average wage is 20k, 20% tax, £1 in every £8 goes to the NHS (rough estimates i know). So the average amount of tax paid to the NHS is about £... - Any one have experience of buying medical insurance to go live abroad?
We are contemplating emigrating and need the insurance. Any one of you recommend anything? I need some thing to cover my pre existing medical conditio... - I want to move to the UK and I need health insurance and a job plus a church. Help PLEASE!?
I am 24 going on 25 and I have two small children and a wife. We want to move to the UK and live and work. We believe that our children and us as we... - What determines the life of nuclear power plants?
I researched that on average, nuclear power plants are designed to last 30-40 years, and in some cases 60 years. What determines the life of the plant... - What affordable health insurance would you recommend for my uninsured 21 year old daughter?
She works full time but her employer charges an outrageous amount of money for health insurance. I know there are many many young people who don't ha... - How do we get insurance companies to reduce medical insurance premiums to employers?
Let's face it, here in the U.S. the medical insurance premiums for group health coverage is rising faster than inflation. As a result, a lot of compan... - What is the best health insurance and life insurance policies to go with?
What is the best health insurance and life insurance policies to go with? I am recently out of the military and need to purchase an individual health ... - What is the role of active money ?
While many people may believe that all type of currencies are active, that is not the case. Active money refers to currency, both coins and paper bill... - How can I gain muscle mass after I lost a trememdous amount of weight in the past few months ?
I was incarcerated for a few months and I lost alot of my weight, I am 6, 4" and weigh about 1 75 now, I feel weak from the loss and since I got out I... - how to drop weight these pounds off my life quickly before it kills me?
I am 34 yrs old and having a hard time trying to drop this weight off me,I want to be in a size 16w thats a start , because right now I am in a 22wpl... - How do i loose a large amount of weight by October?
i am 20 and 5'3. iv always been on the big side but now its gotten to its worst. im almost at 200lbs not good. i need to loose all my extra weight by ...
July 19th, 2010 at 11:11 am
Face value, is how much gets paid out if you die.
A rider, is a change to the policy. For example, if you have a $150,000 death benefit, maybe you have a rider for $100K for “accidental death”. That means, if you die BY AN ACCIDENT, like a piano falling on you, on the street, the policy pays out $250,000. If you die from anything else, like an infection in the hospital, after the piano falls on you, the policy only pays out $150,000. In that situation, it WOULD cost less than a $250K face value, because MOST of the time, it’s going to pay out less.
Whoever that somebody is, did a lousy job explaining what a rider is, and WHY it would cost less . . . if they are the person trying to sell you insurance, go find someone else. If not, don’t listen to them. Giving advice, without explaining the DOWNSIDE, will leave YOU screwed in the end.