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Dread Disease Rider

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Dictionary Says

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.
Investopedia Says

Investopedia explains '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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