Special Life Plans are products that are created for specific situation in niche markets. They tend to be very narrow in scope and specific in its design.

The focus that makes them "niche" products can be very varied and need the special guidance of a professional advisor to help you determine if that is the best choice for you.

To give you an idea of what I am referring to here are a couple of examples:

• Mortgage protection offerred by the banks - Initially cheap, convenient but can be inflexible, and you may have to requalify in time. Coverage is dependent on outside factors not necessarily related to your need.
• Child support and alimony coverage - Divorce relement agreements or court awards often mandate life insurance to protect the alimony payments.
• Packaged Plans - Several benefits and cross protection components are packages together, which can be cheaper than components purchased individually. Without the help of a professional advisor it may be difficult to compare cost and benefit and do a proper cost benefit analysis to determine whether the cost savings are worth the loss of flexibility by packaging.
• Quick Issue Plans - that usually come with only a very few insurability questions. These are very convenient, often the only option available to purchasers, but also need the advise of a qualified professional to asses best value and explain the constraints and limitations.