Top Children’s Whole Life Plans

When it comes to your child(ren), as a parent, you want nothing but the best for them. You hope that they grow up to live long and healthy lives, and someday start a family of their own.

But as a parent, what do you do if something happens to your child? Losing a child can be both devastating and overwhelming. It not only takes a toll on you mentally and physically but can also throw your day-to-day responsibilities into disarray. Are you and your family prepared in the event of a worst-case scenario?

With a children’s life insurance policy, you can provide you and your family with a safety net. The death benefit received can help ease the burden of funeral expenses, paying bills due to missing work, and caring for the rest of the family – all while trying to cope with the loss of a loved one.

Along with a death benefit, children’s life insurance can offer other benefits such as: guaranteed insurability, coverage for life, cash value growth, and lower premiums with a locked-in rate. Children’s life insurance can be purchased as individual policies on your child(ren), or as riders on your own life insurance policies. Below are our Top Children’s Whole Life Products. For more information on child riders, please contact your marketer.

#3 Foresters Financial – BrightFuture

The Foresters BrightFuture Children’s Whole Life product is a permanent life insurance product for children ages 0 to 17. With face amounts starting at $5,000 and going all the way up to $75,000, this product offers the highest death benefit available! Built-in benefits at no extra charge include Common Carrier Accidental Death Rider, Family Health Benefit Rider, Accelerated Death Benefit Rider, and Guaranteed Insurability Rider.

#2 Gerber Life – Gerber Life Grow-Up Plan

The Gerber Life Grow-Up Plan provides permanent life insurance protection to children 14 days to 14 years old. Coverage lasts a lifetime (as long as premiums are paid) and doubles in value for the insured child at age 18 with no additional premium! At age 21, the insured child becomes the owner of the policy and with the Guaranteed Purchase Option, the insured child, as an adult policy owner, has four opportunities to buy additional insurance without proof of insurability.

#1 Mutual of Omaha – Children’s Whole Life

The Mutual of Omaha Children’s Whole Life is a permanent life insurance product for children ages 14 days to 17 years old. Face amounts range from $5,000 to $50,000 and rates are extremely competitive! Policy builds cash value over time and with the Guaranteed Insurability Rider, you have the option of purchasing an additional whole life policy on the insured at the time of several life events, without evidence of insurability.

All three of these great products are built on a simplified issue basis, meaning that there are no medical exams required.  

For more information, give us a call at 800-852-7152 or fill out the form below.