Life Insurance for children is the beginning of a lifetime estate as well as an excellent way to protect your child’s ability to get life insurance in the future. With life insurance for children the premiums are level and guaranteed for life, meaning that they will never increase no matter what the age of your child. The premiums can be paid for 10 or 20 years, or for a lifetime.
With children’s life insurance you also have the option to customize the protection according to your personal situation and needs. The following are some optional benefits that you may add to the insurance contract:
- Disability
- Accidental Death and Dismemberment
- Accidental Fracture
- Guaranteed Insurability Option
The best time to start life insurance for your children is when they are young and in good health. A serious illness or injury could make insurance very expensive or even unavailable in the future.