In a family policy, what is covered?

A family policy is designed to provide life insurance coverage for the whole family under a single contract, making it both convenient and cost-effective. Typically, such policies include coverage for the primary insured, their spouse, and dependent children. This type of coverage recognizes that families often want to ensure financial security for all members simultaneously, rather than taking out separate policies for each individual.

By consolidating coverage into one policy, a family policy allows individuals to simplify their insurance management while potentially benefiting from lower premiums compared to purchasing multiple individual policies. This approach also offers a way to help families secure life insurance protection for every member, which can be crucial for financial planning and peace of mind.

The other options focus on a limited scope of coverage, thereby missing the key feature of a family policy that provides a broader want for family protection.