What is a spouse rider beneficiary?

A spouse rider beneficiary is a type of life insurance policy endorsement that designates a spouse as the beneficiary of the policy. Essentially, it adds an additional layer of protection to a life insurance policy by providing coverage for the policyholder's spouse in the event of the policyholder's death. In most cases, a spouse rider beneficiary is purchased in addition to a primary life insurance policy. The rider allows the policyholder to name their spouse as a secondary beneficiary who would receive the death benefit in the event that both the policyholder and their primary beneficiary (if any) pass away simultaneously. It's important to note that the specific terms and conditions of a spouse rider beneficiary may vary depending on the insurance company and the policy itself. It's essential to read and understand the policy's terms and conditions to ensure that the coverage meets the policyholder's needs.