Which rider might automatically offer income replacement for specific events?

The Family Income Rider specifically provides benefits that replace income for a designated period if the insured individual passes away. This rider is designed to address the financial needs of dependents by ensuring they receive a consistent income stream, often during the critical years when financial obligations, such as mortgage payments or children's education, are present.

When this rider is included in a life insurance policy, it guarantees that if the insured dies during the term of the rider, a monthly income benefit will be paid to the beneficiaries for a set number of years, ensuring that their immediate financial needs are met. This feature makes the Family Income Rider particularly valuable for families relying on the primary breadwinner.

Other riders, while beneficial in other capacities, do not provide this specific income replacement feature as comprehensively as the Family Income Rider does. For example, the Waiver of Premium Rider allows the policyholder to skip premium payments under certain circumstances, but it does not provide income replacement; the Income Protection Rider is focused on disability income and does not apply to life insurance; and the Survivorship Rider is geared toward offering a death benefit for two insured individuals, which again does not focus on income replacement in the same way.