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CONTACT USAt StateTrust Life and Annuities, we offer a series of riders/supplements to your life insurance and term insurance policies. These include:
- Accidental Death Benefit: Additional coverage only implemented in case of accidental death.
- Temporary Additional Insurance Benefit: Additional coverage for a specific period of time chosen by the customer when taking out the policy. Allows more coverage at a lower cost and offers a good cost/benefit trade-off.
- Dependent Insurance Benefit/Other Insured: Coverage for an additional insured person within the same policy. In general, this is used for a spouse, minor children, or parents. It allows another person to be insured for a minimum increase in premium. This could also be used for a partner in a business.
- Accelerated Benefit for Terminal Illness: A partial advance of coverage – during the life of the insured – in case of a verified terminal illness with a specific prognosis of life expectancy.
- Critical Illness Benefit: Additional coverage that is only implemented in case of death due to a critical illness.
Characteristics of Riders
This table shows features offered by Riders in StateTrust Life and Annuities life insurance policies.
| Riders | Accidental Death Benefits (ADB) |
Spouse/Other Insured (OIR) |
Additional Term Insurance (LIPR) |
Critical Illness * |
Accelerated Benefit for Terminal Illness |
|---|---|---|---|---|---|
| Description | Accidental Death Benefit up to age 65 |
Coverage for spouse/family members | Additional Temporary Coverage for main policy-holder | Benefit for one of the six illness included * | Accelerated Benefit for Terminal Illness with death prognosis |
| Minimum coverage | 50,000 US$ or Euro | 50,000 US$ or Euro | 50,000 US$ or Euro | – | N/A |
| Maximum coverage | 150,000 US$ or Euro | Equal or lesser coverage than main | Equal or lesser coverage than main | – | – |
| Age at Insurance | 19 to 65 years | 19 to 65 years | 19 to 65 years | 19 to 65 years | 19 to 65 years |
Critical Illnesses: cardiac attack, stroke, cancer (exclusions apply), coronary bypass surgery, renal failure and multiple sclerosis.
