Which policy usually offers permanent coverage for the family head and term for the spouse and children?

Family Plan Policies are designed to provide comprehensive coverage for the primary earner, typically the family head, while also offering term life insurance protection for the spouse and dependent children. This arrangement allows the policy to cover the varying needs of family members through a single policy, ensuring that the head of the family has permanent coverage while other family members receive coverage suited to their specific life stages and financial responsibilities.

In a Family Plan, the permanent portion of the policy ensures that the head of the household is protected for their entire life, which is important for long-term financial planning. At the same time, the term coverage for the spouse and children is more economical and appropriate since their insurance needs may change over time, often reflecting shorter time horizons such as paying off a mortgage or covering children's education.

This structure reflects a blend of both immediate and long-term protection, catering to the different needs of family members as they progress through various life stages.