Life & Health
Children's life insurance
A small permanent policy on a child or grandchild, usually bought for the guaranteed insurability rather than the death benefit. It locks in coverage they can keep and expand as adults, regardless of their health later.
What it typically provides
- A small permanent death benefit that doesn't expire
- A guaranteed insurability option — the ability to buy more coverage later without a medical exam, at specified ages or life events
- Cash value that builds slowly over time
- Level premiums, often payable for a limited number of years depending on the policy
Who tends to buy it
- Parents or grandparents who want to lock in a child's insurability
- Families with a history of conditions that could make coverage difficult later
- Grandparents looking for a small, lasting gift that isn't a savings account
Common questions
For most families the death benefit isn't the point. The value is the guaranteed insurability — if the child develops a condition later that would make them uninsurable, that option is already locked in.
The reason to buy it at four years old is insurability. Your child will never again be as cheap or as easy to insure, and a guaranteed insurability rider locks that in no matter what shows up in his health later. The cash value builds quietly alongside it and is there if you need it.
Modest — these are small policies by design.
Yes, ownership can typically be transferred. We'll explain how that works for any specific policy.
First things first. If the adults in the household aren't adequately insured, cover them before covering the children. The financial risk to a family from losing a parent's income is enormous; the financial risk from losing a child is not primarily financial. We'd rather tell you that than sell you the smaller policy.
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A small permanent policy on a child or grandchild, usually bought for the guaranteed insurability rather than the death benefit.
Request a quote