A rider is either a standard option or nonstandard option of an insurance policy that can be used as a living benefit or a death benefit.
A standard option is a feature that is normally a choice of a policyowner, but has been made mandatory by the life insurance company to be included in a life insurance policy.
A nonstandard option is a feature that is a choice of a policyowner to be included in an insurance policy.
All riders must be selected at the time of application. A rider can benefit a policyowner and/or insured while living or a designated beneficiary after the insured dies.