What are the options for policy riders?

Sun Life Financial offers a variety of policy riders that can enhance the basic coverage provided by their life insurance policies. These riders provide additional benefits or features that can be tailored to meet the specific needs of individuals and families. One common rider is the accidental death benefit, which provides an additional payout in the event that the insured person dies as a result of an accident. This can offer extra financial protection for beneficiaries. Another option is a waiver of premium rider, which allows the policyholder to stop paying premiums under certain circumstances, such as being disabled for an extended period. This ensures that the policy remains in force even when financial resources may be limited due to unexpected health issues. Sun Life Financial also offers a critical illness rider, which provides a lump sum benefit if the insured is diagnosed with a covered critical illness. This rider aims to help policyholders deal with any financial burden caused by medical expenses that may arise during serious health challenges. Additionally, there may be options for a term conversion rider, allowing the policyholder to convert a term life policy into a permanent one without undergoing further medical underwriting. This gives individuals the flexibility to adjust their coverage as their needs evolve over time. It is essential for potential customers to carefully review the specific riders available with their chosen policy as offerings may vary. For more detailed information on the exact riders offered by Sun Life Financial, visiting their current website may be helpful.