What are riders typically classified as?

Riders are indeed classified as customizations that add benefits to a policy. They are typically additional features that can be attached to a standard life insurance policy to modify its coverage or enhance its benefits. Riders can offer various benefits such as accelerated death benefits, waiver of premium, accidental death coverage, or child riders, among others.

By allowing policyholders to personalize their insurance coverage, riders cater to individual needs and circumstances, making the policy more flexible and relevant to specific situations. This customization distinguishes riders from standard provisions, which are inherent and uniform across all policies, or features that are mandatory for every life insurance policy. Overall, riders enhance a policy's value and effectiveness by addressing particular needs or risks that an insured party may want to cover.