Which rider provides monthly disability income benefits?

• A. Waiver of Premium Rider
• B. Accelerated Death Benefit Rider
• C. Disability Income Rider
• D. Chronic Illness Rider

Answer: (C)

Disability income replacement is designed to provide a monthly benefit when you can’t work due to a covered disability. A Disability Income Rider attaches to a life (or sometimes health) policy and pays a regular monthly income to help replace lost wages during the disability period. It typically starts after an elimination period and lasts for a defined benefit period, often based on a percentage of earned income.

Other riders serve different purposes: a Waiver of Premium Rider only suspends premium payments while you're disabled and doesn’t create a ongoing monthly income. An Accelerated Death Benefit Rider allows access to a portion of the death benefit if diagnosed with a terminal or certain illnesses, not a steady monthly income. A Chronic Illness Rider provides benefits for chronic illness or long-term care needs, which is not the standard monthly income replacement for disability.

Thus, the rider that provides monthly disability income benefits is the Disability Income Rider.