Multiple Protection Life Insurance

Shawn Plummer

CEO, The Annuity Expert

When it comes to life insurance, most people think of a single policy that will protect them and their loved ones financially in the event of their death. While this is certainly an important type of coverage, there are other options available as well. One such option is multiple protection life insurance, which can provide additional benefits and peace of mind for you and your family. In this guide, we will discuss what multiple protection life insurance is and how it can help you and your loved ones.

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What Is Multiple Protection Life Insurance?

Multiple protection life insurance policies provide coverage for the entirety of a person’s life. These hybrid policies are combinations of whole life insurance and term life insurance in which the amount of coverage is higher in the early years of the policy and less in the later years.

The Type Of Multiple Protection Coverage

How Does Multiple Protection Life Insurance Work?

The current death benefit may be described as equal to two times the benefit at age 70 (double protection). If the death benefit at age 70 (and thereafter) is $10,000, the insured has $20,000 of protection up to age 70. In essence, the additional death benefit before age 70 is term insurance.

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Multiple Protection Life Insurance

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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