Term Life Insurance with Monthly Disability Income Rider Option

Life insurance coverage is often purchased with the intentions to provide money for your family in the event you pass away. The tax-free death benefit from a life insurance policy can provide your family with the income needed to continue the same lifestyle of living.

If life insurance coverage can provide an income after you die, could it do the same while you’re living? The short answer is yes it can. The days of life insurance coverage providing just a death benefit have changed with the addition of unique policy riders, such as the disability income rider.

Looking to compare life insurance policies? We can help. Enter your ZIP code to get free quotes from multiple insurers.

Monthly Disability Income from your Term Life Insurance Policy

Life insurance riders are add-ons that can take your basic life insurance policy, which provides just death benefit protection, to both death benefit protection as well as income protection.

Policy riders come in a variety of types, from free riders to riders that cost additional money and even unique policy riders that pay if you get sick from a chronic, critical or terminal illness known as living benefits.

Another unique policy rider that we wanted to share is one that can provide you a monthly income if you become disabled. The disability income rider provides an income if you become injured or disabled and cannot work, due to a covered illness or injury.

The disability income rider is a life insurance rider that should not be mistaken for a disability policy. Adding the disability income rider can make for a great alternative to a disability policy that may be too costly. The disability income rider can also be used to supplement for additional income on an active disability policy, as well as provide you with life insurance coverage.

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Life Insurance Companies with the Monthly Disability Income Rider Option

The disability income rider can make for a great addition to any term life insurance policy but it’s only offered by a few life insurance companies, making it a rare premium rider.

Top Quote Life Insurance offers two of the top (A) rated life insurance companies Assurity Life Insurance and Transamerica Life Insurance that offer this rare life insurance rider as additional coverage on their term life insurance coverage.

Assurity

Assurity Life Insurance offers the monthly disability income rider on their Term Life with Accelerated Underwriting coverage. The disability income rider can be added to all term lengths and will remain active until age 65.

• Elimination Period: 90 Days
• Maximum Payout Period: 2 Years
• Minimum Monthly Benefit: $300
• Maximum Monthly Benefit: $3000

Transamerica Life Insurance

Transamerica life insurance offers the option to add the monthly disability income rider on their Trendsetter Living Benefits term life insurance coverage. Trendsetter living benefit is a unique type of coverage, as it can provide tax-free income from the policy’s death benefit for any qualifying critical, chronic or terminal illness.

The living benefits coverage, in combination with the monthly disability income rider, makes this life insurance coverage truly one of a kind. The monthly disability income rider is available on all living benefit coverage lengths of 15, 20, 25 and 30 years.

• Elimination Period: 90 Days
• Maximum Payout Period: 2 Years
• Minimum Monthly Benefit: $300
• Maximum Monthly Benefit: $2000

How to get a Term Life Insurance Quote with Disability Income Rider

The monthly disability income rider is a policy rider that is available at an additional price. The instant quote form will provide you with quotes for life insurance coverage without policy riders.

Please feel free to send us a message with your quote request, if you are interested in a quote with a disability income rider. When sending a message please include the following coverage details:

• Date of Birth
• Gender
• Tobacco Use
• Health Issues
• Prescriptions
• Coverage Amount
• Coverage Length
• Monthly Disability Amount

You can find peace of mind in your insurance portfolio with protection through insurance riders. You might be interested in exploring other coverage options. If you’re looking to compare life insurance policies? We can help. Enter your ZIP code to get free quotes from multiple insurers.

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