Policy riders are amendments or special additions to a policy that provide a specific coverage not included in the policy itself. Many of NMB’s policies have riders available to help you create the ideal life insurance plan for your needs and goals. Riders can greatly enhance the flexibility and versatility of your insurance program.

The policy riders listed may not be available on all policies. Most riders require an additional premium charge.

Additional Term Insurance Rider

Supplement your policy’s coverage for a specified period of time with the Additional Term Insurance Rider. This is a more cost-effective and convenient option than adding an additional policy to cover short-term needs.

Other Insured Rider

Add an extra layer of protection by covering another individual on your policy with the Other Insured Rider. This rider provides the other individual with level coverage for a specified period of time.

Children’s Term Rider

Add life insurance protection for your children to your policy with the Children’s Term Rider. When the term period expires, the rider offers a guaranteed conversion option—this means your child can purchase a policy for up to five times the coverage that he or she had under the rider with no proof of insurability or medical examination required.

Guaranteed Insurability Option Rider

Safeguard your future insurability with the Guaranteed Insurability Rider. This rider gives you the option to purchase additional insurance at specified ages at standard rates, regardless of any changes in your health.

Accidental Death Benefit Rider

Prepare for the unexpected with the Accidental Death Benefit Rider. In the event of a death caused by an accident, this rider provides additional death benefit coverage.

Cost of Living Rider

Protect yourself from inflation with the Cost of Living Rider. This rider increases the death benefit each year, for up to 10 years, to protect your beneficiaries from rising costs.

Living Benefit Rider (Accelerated Death Benefit)

Access funds from your life insurance policy while you are still alive with the Living Benefit Rider. If you are diagnosed with a terminal illness, this rider provides for the advancement of benefits when you need them most. This rider is available on certain policies at no additional cost.

Ten-Year Decreasing Term Rider

Add gradually decreasing term insurance to your policy through the Ten-Year Decreasing Term Rider. This rider offers additional protection that automatically reduces over a 10-year period.

Waiver of Premium/Monthly Cost of Insurance Rider

Help protect your family from the financial burden of an unexpected disability with the Waiver of Premium Rider or the Waiver of Monthly Deduction/Monthly Cost of Insurance Rider. These riders cover the premium payment of your policy if you become totally disabled for six continuous months.