What is a common feature of a Term Rider in an insurance policy?

A Term Rider is an additional provision attached to an existing life insurance policy, providing temporary coverage for a specified period. This feature is beneficial for policyholders who seek additional death benefit protection without needing to purchase a separate policy. The term rider usually includes specific terms such as the amount of coverage, the duration of the rider, and the premium associated with it.

The term rider is typically less expensive than a whole life policy since it does not build cash value over time and is designed to meet short-term coverage needs. This allows policyholders to enhance their coverage during periods when they may have greater financial responsibilities, such as raising children or paying off a mortgage.

It's important to recognize that the other options do not align with the fundamental purpose of a term rider. For instance, it does not provide permanent coverage without additional costs, nor does it affect the cash value of a policy, since term insurance typically does not accumulate cash value. Similarly, term riders are generally offered for a specific duration that may be less than or equal to one year, so stating that they are always issued for longer periods is not accurate.