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3 November, 12:17

What is the maximum period that an insurer would pay benefits in accordance with an Additional Monthly Benefit rider?

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  1. 3 November, 12:41
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    One year

    Explanation:

    A rider refers to an additional benefit that is added to an insurance policy. These are options that a policy holder can include in their policy. The Additional Monthly Benefit rider gives additional benefits to a person that has a disability income policy in the first year of a claim while he/she waits for the Social Security benefits. According to this, the maximum period that an insurer would pay benefits in accordance with an Additional Monthly Benefit rider is 1 year.
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