After marriage, is it better to get individual policies for each family member or spouse and child riders?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Spouse and child riders are an easy, affordable way to create a family policy that requires only one premium payment per period. But individual policies on your spouse and children can afford them other important benefits like cash value growth and permanently low premiums. While some riders may be convertible when a child reaches a certain age, they may not offer as high a death benefit or as low a premium as a policy purchased for the child. It is important to consider your current budget, future financial needs and overall financial goals when deciding which route to take to insure your family.