What riders are available on SBLI life insurance policies?
The following riders may be added to SBLI’s life insurance policies: • Child Rider: $10,000 of coverage at $40 per year covers all children until they reach the age of 22. This rider may be purchased for children 15 days old to age 17. At the anniversary nearest the child’s 22nd birthday, the rider may be converted to a whole life policy up to double the face amount of the rider. This rider may be purchased from age 18 to age 64. The Child Rider is also available in amounts of $5,000, $6,000, $7,000, $8,000, $9,000 (and $10,000 maximum) at $4.00 per thousand. It covers children born after the policy is issued, once they are 15 days old and also covers any children between 15 days old to age 17 who are adopted after policy issue. • Waiver of premium rider: Covers the premiums you pay in the case you become totally and permanently disabled. This rider may be purchased from age 15 to age 55 for those in acceptable occupations.
