After marriage, Is it better to get individual policies for each family member or spouse and child riders?
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.
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