Can I add additional riders or benefits to my life insurance policy?

When it comes to adding additional riders or benefits to a life insurance policy with NY Life Insurance, it is essential to understand that many policies do offer flexibility. Riders are additional features that can be attached to a base policy, providing extra benefits or coverage options tailored to an individual’s needs. Common riders may include accelerated death benefits, waiver of premium, or accidental death benefits, among others. However, the ability to add these riders or benefits typically depends on the specific policy type and its terms at the time of purchase. Some policies may allow for riders to be added during the initial application process or at specific times later, while others may have restrictions. It is also important to note that adding riders may increase the premium of the policy. For those interested in exploring the options available, it is recommended to check the current policy documents or visit the official NY Life Insurance website for information on riders that may be applicable. Contacting a professional representative may provide insightful guidance on personalizing a policy with desired riders to enhance protection. Always ensure that any changes made align with overall financial goals and risk management strategies.