Understanding Juvenile Whole Life Insurance

Why should I purchase children’s life insurance? 

Lifelong protection 

Guarantee future insurability – the child will have protection in place regardless of his or her future health. This comprehensive life insurance ensures that your child has coverage that lasts a lifetime, offering peace of mind for parents. Additionally, it can supplement income or retirement plans. Locking in childhood rates for life makes premiums affordable, and as the policy matures, it builds cash value that can be borrowed against tax-free for any purpose. It can also serve as a lasting gift to commemorate a special milestone in the life of a beloved child or grandchild. 

Product features and benefits: 

- Face amounts as low as $10,000 

- Permanent coverage that never expires, similar to long-term care insurance, providing security against unforeseen events 

- Available for ages zero to 16 

- Access to cash value available through policy loans, akin to options in Medicare supplement insurance policies 

- Options to completely pay for the policy in five or 10 years