What coverage options should I consider when selecting the Life Insurance Plan?
Along with determining which type of Life Insurance Policy best fits the needs, you also need to consider some of the options included in the plans. Some of these are: Waiver of Premium – This option can provide that your premium payments will be waived should you become totally disabled and unable to work. This option can be crucial in retaining your Life Insurance in force during a period of time that can be stressful enough as a result of a serious illness or injury. Having this benefit option can relieve the worry about being able to pay Life Insurance premiums to provide for your family at a time when your income has been reduced as a result of a disability. Accidental Death Benefit – Accidental Death Benefit or Double Indemnity as it sometimes is called can provide additional death benefits should death be the result of an Accident. Accidental Deaths come unexpectedly such as in an automobile accident and can leave survivors traumatized. Settlement Options – These Options are the
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