Glossary beginning with R

Insurance Glossary

Regular Premium Policysearch for term
  • A policy that requires periodic premium payments for example, monthly, quarterly, half-yearly or yearly.
Riderssearch for term
  • A policy rider is a provision or modification to an existing insurance policy that provides additional coverage. Common examples include disability waiver of premium, which allows you to stop paying premiums for a policy if you become disabled for a sustained period of time; death benefit, which pays additional benefit in the event of a death resulting from an accident; and a family income benefit rider, which guarantees that your family will continue to receive your monthly income if you die.
Risk Appetitesearch for term
  • This refers to the amount of capital that you are willing to lose in return for a potential profit.