What are riders in a life insurance policy?

Riders in a life insurance policy refer to additional benefits or provisions that policyholders can opt to include to enhance their coverage. These riders allow individuals to customize their life insurance policies to better meet their specific needs and circumstances. For instance, a common rider might be a waiver of premium rider, which ensures that if the policyholder becomes disabled, their premiums will be waived while they are unable to work.

In contrast, other choices do not accurately describe riders. Liabilities are the insurer's obligations but do not pertain to enhancements made to individual policies. Policies that only include accidental death benefits are a specific type of coverage rather than an enhancement via a rider. Lastly, discounts for healthy applicants relate to underwriting practices and premium calculations, and they do not involve additional provisions or benefits added to a policy.