Oklahoma Life Producer Practice Exam 2025 – All-in-One Resource to Master Your Certification

The function of a disability income rider in a policy is to provide income protection in case of a disability. When an insured individual becomes unable to work due to a qualifying disability, this rider ensures they have a source of income to help cover living expenses during their period of inability to earn. It effectively supplements the individual’s financial needs during a challenging time, ensuring that they can maintain a standard of living despite the loss of income from their job.

This rider typically pays a pre-determined benefit amount, either on a monthly basis or as a lump sum, depending on the terms of the rider. It is an essential safeguard for many policyholders who want to ensure that their families or dependents are financially secure in the event of a disabling illness or injury. By adding this rider to a life insurance policy, individuals can enhance their coverage to include protection not only for their life but also for their income.