write 600–800 words that respond to the following question

write 600–800 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.Part 1Many benefits, known as riders, can be added on to life insurance policies. Some are added at no cost to the insured, and some have an additional cost. They provide additional protection to the insured. Define the following types of riders, and list the benefits of each:Long-term-care insurance riderWaiver-of-premium riderCost-of-living riderAccelerated death benefit riderDouble indemnity riderGuaranteed purchase option Part 2Briefly describe the following types of life insurance policies:Variable lifeTerm lifeUniversal life