Max coverage is a term insurance feature that allows for an increased life insurance benefit, paid upon the death of the insured. It’s an extra layer of protection above your normal policy amount, so you and your family have extra financial support in case something happens to you.
Max coverage gives you the ability to increase your life insurance benefit beyond the amount provided by your normal policy. If you don’t have a large enough policy amount to protect your loved ones, a Max coverage can give them the money they need to help keep their standard of living.
Max coverage is usually done through a rider on your term policy. Riders are additional features that attach to your policy, and they can cover many different things such as funeral costs, lost wages, and even college tuition. Depending on the insurance company that you work with, a Max coverage rider can provide an additional 10%, 25%, or even 50% more coverage than the amount provided by your term life insurance policy.
Max coverage is an excellent way to increase the number of benefits your family will receive upon your death. The added coverage may make a big difference in the quality of life they can achieve after your passing, and it can provide them with the financial support they need during a difficult period.
If you’re interested in Max coverage, contact your insurance broker to discuss your options. It’s important to choose a policy with enough coverage to protect your loved ones from unexpected expenses.
You can read more about Max coverage and other term life insurance policies on our website <link>.