What can be an effect of having riders on life insurance policies?

Having riders on life insurance policies allows policyholders to tailor their coverage to better fit their individual needs. Riders are additional benefits or provisions that can be added to a standard life insurance policy, enhancing the overall coverage. This customization can include options for accelerated death benefits, child term riders, disability income riders, and others, which provide additional security and flexibility. By including riders, policyholders can ensure that their insurance meets their specific circumstances and financial goals more effectively. This increased customization is essential for addressing personal life situations, allowing the insured to adapt their coverage to life events such as marriage, parenthood, or health changes.