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Family Life Insurance Policy. Affordable, flexible term life insurance at your pace. Some insurers and brokers process these policies at the same time.
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Undoubtedly, it is a necessity for a breadwinner to safeguard their dependents in case of their unfortunate and untimely demise, accident or physical disabilities that lead to a loss of income. Some policies have the option to convert term life insurance coverage to whole life coverage. This rider insures the lives of their children under age 18.
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What is family life insurance? When you die, a lump sum is paid to your loved ones, providing financial support during this difficult time. Woman with protective gesture and silhouette representing young family. Once you or your spouse is covered by either a state farm select term or whole life insurance policy, just add one (or both) of these riders to help protect the rest of your family.