Dread Disease Rider


DEFINITION of 'Dread Disease Rider'

A special addition to a life insurance policy that gives a percentage of the death benefit to the policy holder if he or she is diagnosed with a serious disease, such as cancer or heart disease.

BREAKING DOWN 'Dread Disease Rider'

Money from a dread disease rider is typically used to help offset the medical costs of the disease.

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  2. Death Benefit

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  5. Variable Death Benefit

    The amount paid to a decedent's beneficiary that is dependent ...
  6. Waiver Of Premium Rider

    A clause in an insurance policy that waives the policyholder's ...
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