Final answer:
The Waiver of Premium Rider within a cash-value life insurance policy does not alter the death benefit; it allows the policy to remain active without premium payments during the policyholder's disability.
Other riders such as the Accelerated Death Benefit or Term Conversion Rider do affect the death benefit.
Step-by-step explanation:
The question at hand deals with life insurance policy riders and which type does not alter the death benefit. Within the context of cash-value (whole) life insurance policies which include both a death benefit and an accrued cash value component, there are several riders that can be attached to the policy. However, not all riders affect the death benefit.
A common rider that does not change the death benefit is the Waiver of Premium Rider. This rider allows the policy to remain in force without the need for premium payments if the insured becomes disabled and unable to work. The death benefit remains unchanged, but the policyholder is relieved from the financial burden of ongoing premium payments during the disability.
Other possible riders such as Accelerated Death Benefit Rider or Term Conversion Rider do directly or indirectly affect the death benefit. The former allows a policyholder to access a portion of the death benefit early in the case of a terminal illness, reducing the benefit paid out upon death, while the latter can extend or alter the coverage term, impacting the benefit.