Term Life Insurance with Monthly Disability Income Rider Option

  • Term Life Insurance with Disability Income Rider

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 their same lifestyle of living.

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

A term life insurance quote with the monthly disability income rider requires custom quoting. Please be sure to request your life insurance quote by sending us a message or by calling us toll free (888) 777-7574.

 

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.

 

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

 

American General Life Insurance (AIG)

AIG LIfe Insurance Monthly Disability Income Rider Quote

American General Life Insurance, also known as AIG, offers the monthly disability income rider on their term life insurance coverage, Select-A-Term. In order to be eligible for the monthly disability income rider, the death benefit must be greater than $250,000. It is also important to note that if you purchase this rider and become disabled, premiums for the life insurance coverage will be waived.

Elimination Period: 90 Days

Maximum Payout Period: 2 Years

Minimum Monthly Benefit: $300

Maximum Monthly Benefit: $3000

    

Transamerica Life Insurance

Transamerica Life Insurance Monthly Disability Income Rider

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 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 contact us toll free at 888-777-7574 or send us a message with your quote request, if you are interested in a quote with disability income rider. When sending a message please include the following information:

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

Term Life Insurance with Disability Income Rider by Jeffrey Manola Top Quote Life Insurance

2018-08-28T12:41:00+00:00

About the Author:

Jeffrey Manola is the owner and an experienced life insurance agent at Top Quote Life Insurance. His goal is to provide online consumers with the absolute top quotes for all term life insurance, permanent life insurance and no medical exam life insurance. Not only does he strive to provide you with the best premium for your life insurance coverage, he also wants you to be well informed about life insurance coverage options and its importance. Never hesitate to reach out to Jeffrey if you need help. Top Quote Life Insurance is more than just an online quoting agency we want to help you save money, protect your future, and earn your trust (888) 777-7574.