Why do you need a supplementary benefits riders?
You need supplementary benefit riders because you might want to customize your insurance to fit your own need that an existing policy plan does not have.
Below are some riders for Sun Life Finance
ACCIDENTAL DEATH BENEFIT RIDER (ADB)
ADB Rider provides an additional benefit in case of insured’s untimely demise due to accident.
ACCIDENTAL DEATH, DISMEMBERMENT, DISABLEMENT RIDER (ADDD)
ADDD Rider provides additional benefit in case of insured’s untimely demise, dismemberment, or total disability due to accident.
TOTAL DISABILITY BENEFIT RIDER (TDB)
TDB Rider waives the regular premiums due during the total disability of the insured.
WAIVER OF PREMIUM UPON DEATH OF THE INITIAL OWNER RIDER (WPD)
WPD Rider waives regular premiums in case of the untimely demise of the initial policy owner.
WAIVER OF PREMIUM UPON DEATH OR DISABILITY OF THE INITIAL OWNER RIDER (WDD)
WDD Rider waives regular premiums during the total disability of the initial policy owner before age 60, or in case of his untimely demise.
CRITICAL ILLNESS BENEFIT RIDER (CIB)
CIB Rider provides lump sum cash benefit in case the insured is diagnosed with any of the 36 covered critical illnesses.
HOSPITAL INCOME BENEFIT RIDER (HIB)
HIB Rider provides a fixed amount of daily cash benefit in case of the insured’s hospitalization. This daily cash benefit doubles if the insured is confined in an Intensive Care Unit (ICU) or if the hospital confinement is due to any of the specified dreaded diseases such as acute heart attack, stroke, and invasive cancer, among many others.
FEMALE CRITICAL ILLNESS RIDER (FCI)
FCI Rider provides lump sum cash benefit in case the insured is diagnosed with any of the covered female-specific critical illness conditions or has undergone any of the specified surgeries.
FEMALE CRITICAL ILLNESS AND MATERNITY BENEFIT (FCM)
FCM Rider provides lump sum cash benefit in case the insured is diagnosed with any of the covered female-specific critical illness conditions, has underdone the specified surgeries, is diagnosed with any pregnancy complications or delivers a child.
CONTINGENT BENEFIT UPON TOTAL DISABILITY (CBTD)
CBTD Rider provides annual cash benefit during total disability of the insured.
LIVING BENEFIT RIDER (LBR)
LBR Rider allows the insured to advance a portion of the Face Amount, less any outstanding advances (loans) with interest, if the life insured is diagnosed to be terminally ill with a life expectancy of 12 months or less. This is provided with no additional premium required.
SAFER LIFE RIDER- 5 YEAR RENEWABLE AND CONVERTIBLE TERM
Safer Life Rider is a 5-year renewable and convertible term life insurance that is available to policyholders of SUN Smarter Life Classic and Elite. It helps boost your basic plan’s insurance coverage but not paying as much.
Note: Benefits indicated above are subject to the specific guidelines set by Sun Life and the actual provisions of the insurance policy contract. Health riders are subject to exclusions and/or provisions on pre-existing conditions and gives you the right to a cooling-off period, as stated in the insurance policy contract.
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