What is a family rider in a life insurance policy?

A family rider in a life insurance policy is essentially a combination of Spouse and Child Riders. This means that the rider provides coverage for the insured's spouse and children under a single rider, facilitating one premium payment for extended family coverage rather than needing separate policies for each family member.

This approach allows for more streamlined coverage and can often be more cost-effective than purchasing individual policies for a spouse and each child. Including the spouse and children under one rider supports families in managing risks associated with life insurance while also simplifying policy administration for the policyholder.