What Is Dependent Life Insurance at Life

What Is Dependent Life Insurance. It's a voluntary benefit, which means that the employee decides whether to get the coverage and pay the extra premiums. Coverage for the spouse is generally higher than that available for children.

To address the financial devastation caused by the death of a dependent, this type of life insurance differs from more common life insurance policies designed to benefit dependents upon the death of the. A less common option for life insurance is basic dependent life insurance. Coverage for the spouse is generally higher than that available for children.

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Your spouse and children can typically get coverage without a medical exam. This type of policy is usually purchased to handle final expenses, and the amount of coverage can be relatively small. A less common option for life insurance is basic dependent life insurance. Each company offers different types of dependent life insurance plans, but in most cases, insurance carriers will limit the amount of coverage.