What do mandatory riders commonly include in life insurance policies?

Mandatory riders in life insurance policies are provisions that must be included in the policy, typically enhancing the benefits offered. Among these, accelerated death benefits and accidental death coverage are significant components.

Accelerated death benefits allow policyholders to access a portion of the death benefit while still alive if they are diagnosed with a terminal illness. This can provide financial support for medical expenses or other needs during a difficult time. Accidental death coverage, on the other hand, offers additional benefits in the event that the insured dies as a result of an accident, providing a safety net that goes beyond the standard death benefit for unexpected circumstances.

These riders enhance the protection provided by the policy, making them essential features that many insurers include to meet the diverse needs of policyholders. They serve to ensure that the insured and their beneficiaries receive adequate support in various situations, making these options vital in comprehensive life insurance coverage.