What is the primary benefit of adding a rider to a life insurance policy?

The primary benefit of adding a rider to a life insurance policy is to increase coverage or add specific benefits to the policy. Riders are optional add-ons that provide additional features or enhanced protection tailored to the policyholder's individual needs. For example, a policyholder may include a term rider to extend coverage or add a critical illness rider for additional benefits if diagnosed with a specified illness.

Riders can address various needs, such as providing accelerated death benefits in case of terminal illness or adding coverage for accidental death. By doing so, they offer policyholders the flexibility and customization to enhance their life insurance policy beyond the standard coverage, making the policy more valuable and suited to their unique circumstances. This added coverage is especially important in addressing specific financial risks or goals that may arise over time.