Riders: Riders are usually extras that you can add to a standard life insurance policy to make it better fit your needs. Here is a short list of some common riders and what they do:
With an accelerated death benefit, you can get the money from your death benefit before you die, usually if you have a serious illness that will kill you soon.
With term conversion, you can change your term policy to a permanent policy.
Accidental death and dismemberment pays a set amount of money on top of the regular death benefit if the death was caused by an accident.
Waiver of premium happens when the insured person gets hurt or sick enough that they can't work anymore.
Price: You can choose from a lot of insurance companies, so one way to narrow down your options is to compare prices. You might find that some insurance companies offer policies that are similar but cost different amounts.
For example, State Farm and Nationwide could sell policies with the same amount of coverage and riders at different prices. If you want to get a quote for different life insurance companies, check out our Life Insurance Quotes guide.
Customer Satisfaction: It's also important to look at how happy an insurer's customers are. Looking at customer reviews can help you find a company that is easy to work with. The National Association of Insurance Commissioners (NAIC) has a website where you can find out how many complaints have been filed in a state.