Which rider option is often included in an Indexed Universal Life Insurance policy?

An Indexed Universal Life Insurance policy typically includes various riders that can enhance its benefits. One common option is the long-term care rider. This rider allows the policyholder to access a portion of the death benefit while still alive if they need long-term care services. This feature is particularly valuable as it addresses the financial burdens associated with extended healthcare needs, helping to ensure that the policyholder can maintain their quality of life without depleting their savings or assets.

In contrast, while waiver of premium, accidental death benefit, and guaranteed insurability riders are also valuable, they do not have the specific focus on addressing long-term care needs that the long-term care rider provides. Each of those riders serves different purposes—for example, waiving premiums if the policyholder becomes disabled, providing additional coverage in the event of accidental death, or allowing the policyholder to increase their coverage without undergoing further medical underwriting.