Massachusetts Life Producer Practice Exam

A significant feature of the family term rider is that it provides coverage for...

1. The primary insured only

2. Dependent family members

3. Only children under the age of 18

4. Spouse and children separately

The correct answer is: Dependent family members

The family term rider is specifically designed to extend life insurance coverage beyond just the primary insured individual to include dependent family members. This typically encompasses the spouse and children, allowing for a more comprehensive protection plan that reflects the needs of a family unit. By adding this rider to a policy, it enables the primary insured to ensure that their family is financially protected in the event of their passing, which is especially important for families that have financial obligations or dependents who rely on their income. This coverage serves as an efficient solution for families looking to secure life insurance without the need for obtaining separate policies for each member, making it a practical choice for many households.