$2.17 for Children or Grandchildren
$1* BUYS $30,000
Whole Life Insurance for Children
Take the first step towards a financial head start for your child or grandchild Your child’s policy builds cash value for the future.
Benefits never canceled or reduced Once approved, your benefits will never be reduced or canceled regardless of changes in age or occupation.
Rates are guaranteed to stay the same for life The monthly rate is based on your children’s or grandchildren’s present age and is guaranteed to stay the same for the rest of their life.
$1* BUYS $100,000
Term Life Insurance for Adults
It’s easy to buy! It is simple to understand. No agent will visit and there is no medical exam—just a simple application. It’s hassle-free.
Peace of mind for you and your family Feel secure knowing that money will be there for credit card bills, home and car loans, children’s and grandchildren’s future education and even your medical and final burial expenses.
Life insurance that fits your budget Choose the right coverage amount to fit your monthly expenses.
Children's Life Insurance
What is Children’s Life Insurance?
Children’s life insurance is very much like life insurance policies bought for adults, but with a few key differences. While children’s term life policies are available, most juvenile life policies come in the form of permanent insurance like whole life. Whole life policies accumulate a cash value that can be used to save for college or other goals. Also, children’s life insurance policies typically have a smaller face value than life insurance for adults, and coverage for children can sometimes be added in the form of a rider to a parent or guardian’s existing life insurance policy.
The biggest difference in children’s life insurance, however, tends to be the reason for buying the policy. While these policies can help cover medical and burial costs in the tragic event that a child passes away, the odds of this are low for most children. For that reason, most parents or grandparents buy life insurance for babies, children and even teenagers because these policies can lock in coverage for life and secure lower premium rates while children are still young and healthy.
Should You Get Life Insurance for Your Children
Whether you are just starting a family, or already have children, there are several important decisions that you may be thinking about.
Whether you are just starting a family, or already have children, there are several important decisions that you may be thinking about. Can your home accommodate growing children? Do you make enough money to support your children? What schools would you like them to go to and how will you be able to afford their future education?
These are just a few of the things that parents consider about their child or children. One thing that you may not think about immediately however, is life insurance for your children.
Life insurance is frequently purchased by older adults, or young parents themselves thinking about the well-being of their children should something happen to them. But what you may not realize is that having life insurance for your children can be a great benefit to them for many reasons.
First of all, purchasing a life insurance policy for your child can help protect them should an illness or injury prevent them from getting coverage in the future. Young, healthy children aren’t typically seen as needing life insurance. However, having that coverage in place could help prevent you and them from future financial burdens should an accident or illness occur.
Secondly, many people see life insurance for children as a great gift because of it gives them a financial head start. Purchasing life insurance for your child will enable that policy to accumulate cash value, which can be used for whatever need may arise in their future.
For example, buying a life insurance policy for your child when they are young can allow that policy to mature and can be used to help with their continuing education when get older.
Many people that buy life insurance for children are actually the grandparents, because older adults especially understand the importance and long-term value of life insurance.
Whether you are a grandparent, parent or are just starting a family, life insurance for your children is something that you should research and get information about before you buy.
There are numerous resources available on the Internet that can help guide you to information about this. If you are looking for information on life insurance for yourself as well, it may be advised to find a company that can offer affordable life insurance for you as well as your children.
Do some research, talk to your family and then decide what’s right for your family.