Nov 29
Life insurance policy that covers entire family
Many people have called AccuQuote asking for a life insurance policy that covers the entire family. New York Life Insurance Co. has recently introduced Family Protection Insurance. It’s a term-life policy that can cover both adults and dependant children with conversion priviledges and the ability to increase coverage without further insurability at the same rate as teh initial purchase. The maximum face amount per adult is $500,000 and up to $1 million after partial conversion.
Is this policy competitively priced? I honestly cannot say. I haven’t seen the costs. If you’re interested in obtaining coverage for your entire family my suggestion would be to shop around. Look at this product as well as products that have child riders and also individual child and adult policies.
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