Family life insurance is the catchall term for policies that cover different members of your family. You can use these policies to pay for a range of expenses, such as funeral and burial costs, college debts, lost income or child care.

Family Life insurance is coverage through multiple life insurance policies, or policies with riders to cover dependent children. This kind of coverage helps provide financial protection for members of the whole family. When most people think about life insurance, they think about insuring spouses or parents of dependent children.

Family life insurance is an umbrella term that refers to a life insurance policy or policies that provide coverage for multiple members of a family. Because it isn’t a specific type of coverage, the features, benefits, costs and structure of a family life insurance policy will vary by insurer.

Typically, family life insurance is when you package a couple of riders with your term life or permanent life insurance coverage and plan. This doesn’t need to just be just life insurance but can also be disability insurance, and critical illness insurance as well.

Family life insurance is a relatively new term, but it’s an old-school product. Usually when you hear about family life insurance, it’s a policy package made up of two main features: a joint life insurance policy for you and your spouse and a child rider.