Riders
This rider provides monetary incentives for clients that meet recommended physical activity levels and sleep goals
What is the Wellness Enhanced Lifestyle & Longevity Rider (WELL) rider?
What is ACH (or ACH Billing)?
The platform that Haven Technologies created in 2018 to provide an end-to-end digital experience for our advisors and their clients
What is Coverpath?
The individuals that can request a beneficiary change on a policy
What is the Owner, Advisor, and Authorized Third Party?
This rider is an affordable way for clients to increase coverage by adding term insurance for one year
What is the Renewable Term Rider (RTR)?
We can continue to process a retry failed payment request with this billing/invoice status
What is BG2 (or BG2 Billing Grace)?
Policy numbers start with "11," "23," "24" or "32"
What are migrated policies (or Coverpath migrated policies)?
The billing frequencies that a Coverpath migrated policy can be placed on
What are monthly, quarterly, semi annually, and annually?
This rider provides the owner the option to receive a portion of the policy death benefit proceeds if the insured becomes terminally ill
What is the Accelerated Death Benefit Rider (ADBR)?
These individuals can request the billing on a policy to be paused or resumed
What is the Owner, Payor, and Advisor?
One of the changes that clients can make to their Coverpath policy using the Coverpath Client Account Center
What is:
Change Bank Account
Change Beneficiary
Change Owner
Update Contact Information
Change Name
Change Face Amount
Cancel Policy
These are the different types of beneficiaries that can be listed on a policy
What are individual(s), trusts, entities, or estates?
This rider provides owners the right to purchase insurance without evidence of insurability
What is the Guaranteed Insurability Rider (GIR)?
The tile/section in HIT PA that we can access to pause or resume billing on a clients policy.
What is the Payment tile (or Payment section)?
What is the web address that customers can use to log into their Coverpath Client Account Center?
The billing frequencies that Coverpath native policies can be placed on
What are monthly and annually?