Children’s Life Insurance
Provide Lifelong Protection and Financial Growth
Life is full of uncertainty, but you can give your child a head start on a secure future. Children’s life insurance offers lifelong coverage at an affordable rate, locking in premiums while your child is young and healthy. These policies not only offer financial protection but also have the potential to build cash value over time—helping with future milestones like education, buying a home, or even starting a family of their own.
Lifelong Coverage
Secure life insurance at a young age with coverage that lasts a lifetime, regardless of future health changes.
Affordable Premiums
Start small and stay consistent. Premiums are typically lower when you purchase coverage early in life.
Cash Value Growth
Watch the policy’s cash value grow over time—providing a financial resource your child can use for major life events.
What Is Children’s Life Insurance?
Children’s life insurance is a permanent policy purchased by a parent or grandparent that provides both a death benefit and a cash value savings component. The death benefit offers financial protection in the unimaginable event of a child’s passing, while the cash value grows over time and can be accessed later in life.
This type of policy ensures your child will always have life insurance coverage—even if they develop health conditions later in life that might otherwise prevent them from qualifying. It’s a gift that keeps on giving, providing both protection and financial flexibility for years to come.
Why Consider Life Insurance for Your Child?
While it can feel difficult to think about life insurance for a child, these policies serve several purposes beyond the death benefit:
- Guarantee Insurability: Even if your child develops medical conditions later in life, their life insurance coverage is locked in.
- Cash Value Growth: The policy’s cash value can be borrowed against or withdrawn to help fund future expenses like college, a wedding, or a down payment on a home.
- Financial Security: In the rare event of a child’s passing, the death benefit can help cover funeral costs, counseling, or other unexpected expenses.
- Transferable Ownership: Once your child reaches adulthood, you can transfer ownership of the policy to them—providing them with lifelong coverage and a growing financial asset.
How Does Children’s Life Insurance Work?
Children’s life insurance typically functions as whole life insurance, meaning:
- Premiums remain the same for life (often at a lower rate than if purchased as an adult).
- Coverage lasts a lifetime, as long as premiums are paid.
- The policy accumulates cash value, which can be accessed through loans or withdrawals for life expenses.
For example, purchasing a whole life policy for a newborn allows decades of cash value growth and the comfort of knowing they will always have life insurance coverage, regardless of life’s uncertainties.
- Select your child’s coverage amount (typically $10,000 – $50,000)
- Lock in affordable premiums that never increase
- Watch the cash value grow tax-deferred over time
By the Numbers:
Rising Education Costs
The average cost of a four-year college education exceeds $100,000—and continues to climb.
Health Uncertainty
1 in 4 Americans develops a disability before reaching retirement age (Social Security Administration). Early life insurance guarantees coverage regardless of future health.
Cash Value Growth
Whole life insurance policies can accumulate cash value that grows tax-deferred over time—becoming a financial tool for your child’s future.
Frequently Asked Questions
Is children’s life insurance worth it?
Children’s life insurance provides two key benefits: lifelong coverage and cash value growth. By purchasing a policy early, you ensure your child’s future insurability and create a financial asset that can support important milestones in life.
What happens when my child becomes an adult?
You can transfer ownership of the policy to your child once they reach adulthood. They can continue to maintain coverage and use the policy’s cash value as needed.
How much coverage should I buy for my child?
Coverage amounts typically range from $10,000 to $50,000. The right amount depends on your goals—whether you’re focused on guaranteed coverage, cash value accumulation, or both.
Can I access the policy’s cash value?
Yes. As the policy’s cash value grows, you can borrow against it or withdraw funds (subject to the policy’s terms). This can help cover educational costs, a first home, or other life expenses.
Children’s Life Insurance Quote
Help secure your child’s future today. Our agents can provide a personalized quote based on your goals and budget.