What does a term rider in a life insurance policy typically provide?

A term rider in a life insurance policy typically provides term life insurance coverage that supplements another policy. This rider allows the policyholder to add a specified amount of temporary coverage for a defined period while maintaining their primary life insurance policy. It is particularly useful for individuals who may need extra coverage due to temporary needs, such as having a child or taking on a new financial obligation.

The flexibility of a term rider is advantageous because it enhances the primary coverage without the need for a separate policy, making it a cost-effective solution for increased protection during critical periods. This supplemental term insurance usually ends when the term period expires or when the main policyholder's insurance policy is terminated.