Rider Listing

We have some very attractive Rider policies that add to the effectiveness of the policy chosen.  The purpose of a Rider on a policy is to give an added value to the “Base” product and customize it for a client.  This can be accomplished without issuing an additional policy to keep track of and pay premiums for. 

All of the Riders are not available for all products. When a Rider is for a particular product or one is excluded from being attached to the policy, it will be notated right after the description.  In some instances, a state may be excluded from using a certain Rider.  That would be listed in that section as well.

Waiver of Premium Rider:  This is Rider that allows for the premium on the policy to be paid by the insurance company if you become disabled.  This coverage can be used if the insured becomes disabled before age 60 and the disability lasts 6 months.  The premiums will be waived beginning with the first policy month after disability has lasted 6 months or more.  The insurance company will refund any premium paid that should have been waived.

Payor Waiver of Premium Rider:   Similar to Waiver of Premium on the insured. (Quotes available through Home Office only.)

Accidental Death Benefit Rider:  If the insured’s death results from an accident, the company will pay an accidental death benefit amount in addition to any other amount payable.  The accidental death must result from bodily injuries while the rider is in force and occur within 90 days from the date of the accident and before age 65.  (Not available on The Eagle or Golden Eagle products.  Quotes available through Home Office only.)

Guaranteed Insurability Rider:  The owner may purchase an additional policy on the insured’s life on six specified option dated without evidence of insurability.  Alternate option dates are available within 90 days after the insured’s marriage, birth of a child or the adoption of a child by the insured.  (Available only on the Eagle and Golden Eagle products.  Quotes available through Home Office only.)

Policy Growth Rider:  The owner may make deposits to a growth fund, which accumulates with interest at a rate determined by the company.  The growth fund account may be used to pay premiums due on the policy, surrendered for cash in part or whole, applied under a settlement option, or paid in addition to the death benefit.  Although there is no required premium, minimum and maximum payments are specified according the base policy.  (Not available in Kansas.)

Insured Child Rider:  A level death benefit is provided for all children, stepchildren, or legally adopted children of the insured.  The insurance on each insured child may be converted to an additional policy without evidence of insurability for up to five times the rider amount.  In the event of the death of the insured, the insured child’s rider benefits become paid up.  (Quotes available through Home Office only.)

Insured Wife and Insured Child Rider:  A level death benefit is provided for the wife and all children, stepchildren, or legally adopted children of the insured.  The insurance on the insured wife and on each of the insured children may be converted to an additional policy without evidence of insurability.  In the event of the death of the insured, the wife and insured child(ren) benefits become paid up.  (Quotes available through Home Office only.)

Convertible Option Rider:  This rider allows for the conversion of a term life insurance product into a cash value-accumulating product without evidence of insurability.  The new policy cannot be for a greater amount than the original term policy and must be completed within the guidelines of the product being converted to.  This product does not have an additional premium and is automatically part of any term product that FBL offers.

Automatic Renewal Rider:   This product is to allow for the automatic renewal of a term life insurance product without evidence of insurability.  It allows for the term life product to be renewed all the way to its product guidelines without a change in the contracted premium levels.  This rider is attached to all term insurance products without additional charge.

Ten-Year Term Rider:  For specifics on this rider, go to our description of the Ten-Year Term product. 

Ownership Rider:  This rider allows for the specification of the ownership of a policy from primary to contingent.  This is typically utilized when ownership has tax consequences or death benefit implications.

Flexible Premium Annuity Rider:  For specifics on this rider, go to our description of the Flexible Annuity product.