Wheeling , IL (PressExposure) May 19, 2010 -- AccuQuote, a leader in providing term life insurance quotes to people across the United States, offers consumers ways to personalize their life insurance policy.

“Life insurance isn’t a one size fits all product,” says Byron Udell, founder and CEO of AccuQuote. “Therefore, it’s important to make decisions carefully, such as choosing the right type and amount of coverage that fits within your family’s overall financial plan. Personalizing your life insurance policy now will make all the difference later when it’s time for your family to submit a claim.”

AccuQuote offers consumers ways to personalize their life insurance policy with riders and overall family coverage plans:

Riders

Riders are additions to life insurance policies that provide extra coverage for specific circumstances. Some riders can greatly enhance the value and quality of a consumer’s existing life insurance coverage; maximizing the benefits for the insured’s loved ones. Following are three common life insurance riders:

• Accidental Death Benefit (ADB) – This type of coverage can be purchased on its own, but as a rider on a life insurance policy, it provides additional coverage if someone were to die accidentally. An ADB rider can sometimes double the amount of the original death benefit.
• Waiver of Premium – If someone becomes disabled, this rider allows them the flexibility to waive the premium payment during the entire time they are disabled. The consumer’s life insurance policy will remain in force even if their income is lost.
• Accelerated Death Benefit – Consumers diagnosed with a terminal illness can collect all or part of their life insurance policy’s death benefit while they are still alive. This money can help pay for unprecedented medical expenses.

Fore more information on these riders or for other available riders, contact a licensed life insurance agent at AccuQuote.

Family Coverage

Life insurance isn’t just for the breadwinner of the family anymore. In fact, all family members can benefit from having their own life insurance coverage. Following are reasons why:

• Breadwinner – The breadwinner earns the majority of a family’s overall income; therefore he or she should have enough life insurance to cover a majority of the family’s current and future living expenses.
• Working spouse – Married couples share financial obligations; therefore, both working spouses need life insurance coverage. Why? One spouse may not be able to pay all of the bills on just one salary.
• Nonworking spouse – Stay-at-home parents need life insurance. They are responsible for various household chores that would otherwise cost thousands of dollars a month if paid to a professional. A life insurance policy can cover those costs.
• Child – Child policies provide coverage for life, even if their health changes and they become otherwise uninsurable. These policies are very inexpensive and no medical exam is necessary.

It just takes one phone call to personalize you life insurance policy. Adding riders and family coverage can be done over the phone in less than five minutes. Contact a licensed life insurance agent at AccuQuote for professional, unbiased advice.

About AccuQuote

AccuQuote helps consumers find the best values in term life insurance by combining instant online quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answers many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-800-442-9899.

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