Rider


Rider
A provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional cost. Standard policies usually leave little room for modification or customization, beyond choosing deductibles and coverage amounts. Riders help policyholders create insurance products that meet their specific needs.

For example, an accelerated death benefit rider on a life insurance policy would provide the insured with a payout while he or she was still alive, in the event of a terminal illness. The insured could use these funds to pay for medical expenses and to increase the quality of their remaining life. When the insured passes away, their beneficiaries will receive a reduced life insurance benefit, since the rider allowed a portion of the policy to be used early.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • rider — [ ride ] v. tr. <conjug. : 1> • XIIIe; « plisser, froncer » XIIe; de l a. haut all. rîdan « tordre » I ♦ 1 ♦ Marquer, sillonner de rides. La vieillesse « viendra rider ton visage » (Fénelon). ⇒ 1. flétrir. Pronom. Visage, peau qui se ride.… …   Encyclopédie Universelle

  • Rider — Rider(s) or The rider(s) may refer to:In people who ride things *Bike rider, a cyclist *Horse rider, an equestrian *Motorbike rider, a motorcyclistIn general usage *Rider (legislation), an additional provision attached to a bill *Rider (theater) …   Wikipedia

  • Rider — steht für Stage Rider oder Technical Rider, Dokument, das die technischen Anforderungen eines Künstlers für seine Auftritte beschreibt Line Rider, Flash Spiel Stoked Rider, Snowboard Computerspiel Titel Easy Rider, US amerikanischer Film (1969)… …   Deutsch Wikipedia

  • rider — rid·er n 1: an addition to a document (as an insurance policy) often attached on a separate piece of paper 2: a clause or provision appended to a legislative bill to obtain a usu. distinct object Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • rider — 1. (ri dé) v. a. 1°   Causer des rides. •   C est elle [l âme] qui nous ride ou nous aplanit le front en un instant, selon ses mouvements intérieurs, LA MOTHE LE VAYER Vertu des païens, II, Socrate.. •   Le temps aux plus belles choses Se plaît à …   Dictionnaire de la Langue Française d'Émile Littré

  • Rider — Rid er (r[imac]d [ e]r), n. 1. One who, or that which, rides. [1913 Webster] 2. Formerly, an agent who went out with samples of goods to obtain orders; a commercial traveler. [Eng.] [1913 Webster] 3. One who breaks or manages a horse. Shak. [1913 …   The Collaborative International Dictionary of English

  • rider — en fait de navires, est tendre, roidir, comme Rider l estay du mast, c est tendre à force du cap de mouton, la corde qui contretient le mast. Rider aussi est quand la personne de triste ou furieux regard se renfrongne, faisant des plis et sillons …   Thresor de la langue françoyse

  • rider — Rider. v. a. Faire des rides. Les années luy ont ridé le visage. cette grande maladie l a tout ridé. le chagrin ride le front. Il est aussi neutre, & signifie, Avoir des rides. Il commence à rider. son front commence à rider. Il est encore n. p.… …   Dictionnaire de l'Académie française

  • rider — [n1] equestrian; commuter cowboy, driver, gaucho, horseback rider, horseman/woman, passenger, straphanger*, suburbanite, traveler; concept 348 rider [n2] amendment, clause addendum, addition, adjunct, alteration, attachment, clarification,… …   New thesaurus

  • rider — one who rides, O.E. ridere, agent noun from RIDE (Cf. ride) (v.). Meaning clause tacked on to a document after first draft is from 1660s …   Etymology dictionary

  • rider — ► NOUN 1) a person who rides a horse, bicycle, motorcycle, etc. 2) an added condition or proviso. DERIVATIVES riderless adjective …   English terms dictionary


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