Dread Disease Rider
A special addition to a life insurance policy that gives a percentage of the death benefit to the policy holder if he or she is diagnosed with a serious disease (such as cancer or heart disease).
Investopedia Commentary
Money from a dread disease rider is typically used to help offset the medical costs of the disease.
Related Links
A Look At Single-Premium Life Insurance
Buying Life Insurance: Term Versus Permanent
See also: Death Benefit, Life Insurance, Variable Death Benefit