Term Rider. Good or Bad?

Term Rider. Good or Bad?

If you’ve been involved in the insurance world, you’ve likely encountered a term rider. It’s not uncommon for insurance policies to have a term rider attached, but that doesn’t mean it’s always the best choice. In fact, many times, adding a term rider can actually be counterproductive and doesn’t make sense for your long-term financial strategy.

In today’s episode of Wealth Talks, Tom and John McFie break down term riders, explaining what they are, why they may not be the best option for your policy, and when they might actually be a poor fit for your financial goals. Tune in to learn more about why term riders are not always a wise addition and how to make smarter decisions about your life insurance.

Key Takeaways:

• What a term rider is and how it functions within a policy.
• Why term riders may not be a beneficial choice for long-term planning.
• When a term rider might make sense and when it’s better to avoid it.
• Insights on selecting the best type of coverage for your life insurance needs.

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 Resources:
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Prescription for Wealth