Posted on: Wednesday, August 24th, 2011

Life insurance is typically thought of a safety net for a family in case the bread winner were to pass away.  It can cover the mortgage, pay for college, and cover day to day expenses while the family gets back on their feet.  State Farm Life Insurance offers another option for families who are looking for additional protection to keep their family financial sound.  It’s called a children’s term rider and it’s gaining in popularity.

Basically, State Farm life insurance quotes will give you an idea of how much a monthly premium will be.  But you need to ensure you have the proper coverage.  There are riders which will give additional coverage for peace of mind.  The select term rider provides life insurance until age 95 with a level rate for a certain number of years.  The rider can be on both the insured and an additional insured person.  This can also be converted to a permanent policy if deemed necessary.  Coverage is ample with a minimum coverage amount of $100,000.

The children’s term rider is what is unique and needs more attention.  According to the State Farm Life Insurance website, this type of rider actually covers your children.  Just one rider can offer a generous $20,000 in life insurance for each child in the family and this also includes unborn children.  This is convenient because as your family grows you can take comfort knowing each child is automatically covered.  At the time of expiration, the rider can be converted to any policy and give a lifetime of protection.

You can visit their website for some more detail on costs.  It outlines some of the premiums and what it would cost for a family, including children.  Insuring children is something many do not think of, but it can be a way to cover all bases in the event of the unthinkable.

Written by Joanna Cliff

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