Which benefit is characteristic of a Family Whole Insurance rider?

A Family Whole Insurance rider is designed to extend coverage to multiple family members under a single policy, thereby providing a streamlined approach to life insurance for the family unit. This rider typically allows parents to add their children to the existing whole life policy, ensuring that they all benefit from the same coverage features.

By combining insurance for all family members, this rider simplifies the management of life insurance needs, making it convenient for the policyholder, as it reduces the need to purchase separate policies for each family member. The comprehensive nature of this rider addresses not only the insured adults but also includes coverage for children, which can be particularly advantageous in terms of cost and convenience.

In contrast, the other options either misrepresent the characteristics of a Family Whole Insurance rider or imply limitations that do not align with its core purpose.