What is a Tennessee rider?

A Tennessee rider is an optional provision that may be added to a life insurance policy. It provides additional benefits to the policyholder if they die in an accident.

Benefits of a Tennessee Rider:

1. Additional Insurance Coverage: In the event of the policyholder's accidental death, the Tennessee rider pays an additional death benefit on top of the base policy's coverage.

2. Multiple Covered Accidents: The Tennessee rider typically covers a range of accidents, including those involving cars, motorcycles, public transportation, and even some work-related accidents.

3. Flexibility in Coverage Amount: The policyholder can choose the coverage amount for the Tennessee rider, allowing them to tailor the additional coverage to their needs.

4. Beneficiary Designation: The policyholder can designate specific beneficiaries to receive the additional death benefit from the Tennessee rider.

5. Tax-Free Benefits: Like the base life insurance policy, the benefits paid under a Tennessee rider are generally income tax-free to the beneficiaries.