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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Family Insurance Rider


The Family Insurance Rider pays a selected amount, usually limited to $20,000, upon the death of a dependent child or spouse. The rider is designed to provide small amounts of term coverage with only limited underwriting, if any. A stand alone fully underwritten term policy will usually have lower rates but will have a minimum coverage amount of $50,000 or more. You may not want that much coverage. Ten thousand dollars of coverage on your spouse and all your children will cost about $25 per month.

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