Dread Disease Rider

Definition

• A rider purchased as part of a life insurance policy that provides the policyholder a partial benefit in the event that the insured is diagnosed with a serious or terminal illness.

Synonyms
serious disease, dread disease insurance, costly treatment coverage

Related Terms and Acronyms

• Critical Illness Insurance (CII) — Acronym, Very Important,
  • Insurance that covers individuals in the event of a critical or catastrophic illness.
  ➥ A health insurance policy rider.
• Disease Management (DM) — Acronym, Important,
  • The process of discussing and agreeing to treatments and care plans for individuals with long-term health care needs.
  ➥ Heath care decisions made to manage a disease.
• Living Benefits — Definition,
  • The option for a life insurance policyholder to receive a portion of their death benefit in advance of their death.
• Long Term Care Insurance (LTC) — Acronym, Important,
  • Insurance that covers health care costs for individuals with chronic or disabling conditions.