Uganda: Role of Life Assurance Riders

analysis

Life assurance policies offer important protection and serve as an investment vehicle for both the policyholder and their beneficiaries. However, standard life assurance policies usually leave little room for modification or customization, beyond choosing the coverage amounts. Events in one's life following acquisition of a policy may necessitate a change, or addition in beneficiaries. Such events may include marriage, birth of a child or divorce.

Life assurance riders play a vital role in enabling a policyholder to tailor insurance products to their specific needs. A life assurance rider serves as a provision to a life policy that allows the policyholder additional benefits. Riders are purchased separately from the basic policy, and at an additional cost depending on the type of rider and level of additional benefit, among other factors.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.