Although you might think it makes more financial sense to have several policies with small death benefits and lower premiums, consolidating them saves you money. (insuranceindepth.com)
Additionally, smaller death benefit policies can be purchased in a «guaranteed» life insurance policy. (trustedchoice.com)
Guaranteed life insurance typically has a much smaller death benefit than term or permanent life insurance, but will be issued few - questions - asked so long as you can pay the premium. (policygenius.com)