If you have a pension or considerable assets, it can be used to generate a good income after you die. In circumstances like this, the one caveat here is estate planning. If the pol icy is held by a trust, the benefit would not be counted as part of your estate. If you fall into this category, consider a whole-life policy. Since you don't know when you will die, you'll need to hold on to your coverage indefinitely.
Riders are options available with some policies.
If you become totally disabled prior to age 60, the premiums are waived. If the insured dies from accidental death prior to age 70. You may add your children to the policy. The premium is the same no matter how many children are covered. Term Insurance is straight forward and often the least expensive type of coverage.