A. ALIR stands for additional life insurance riders.
ALIR is essentially paying more premium beyond the base amount in order to purchase paid-up additions – because of this, the death benefit increases and the cash value grows faster.
ALIR allows you to purchase paid-up whole life insurance, also called paid-up additions (PUAs). Purchasing PUAs increases your policy’s death benefit and enables the cash value to accumulate more rapidly. In addition, PUAs may be surrendered for their cash value at any time and for any reason.
For more details, please see attached document below.