T2-L2-P17

Other Insured's Option

This is nothing more than adding a spouse or a child to the base policy of the insured using term riders. Often, it can insure the other family members at considerably less cost than if they were to buy a separate term policy, or a whole life, universal, or variable.

A recent addition to the "Living Benefits" available in cash value policies is the "Accelerated Benefit," discussed earlier, in which those with terminal illnesses can receive part of the face value while alive.