Child life insurance offers financial protection for the unthinkable, while also building long-term value. With AccuQuote, you can apply for Child Life Insurance.
Should You Own Life Insurance on Your Children?
The loss of a child is every parent’s worst nightmare, an unimaginable, heart-shattering tragedy no one ever wants to consider. But sometimes, the unthinkable happens. And while nothing can ease the emotional pain, being financially unprepared can make an already devastating situation even more overwhelming.
That’s why having life insurance for your child isn’t just a policy; it’s a small measure of peace of mind. Some may question the need for it, but consider this: If tragedy struck, would you be able to cover the cost of a funeral, burial, or unpaid medical bills out of pocket? Could you afford to take time off work to grieve, without the added burden of lost income?
As painful as it is to even imagine, a Child Life Insurance policy can help ease the financial stress during the most difficult time of your life.
And beyond just a death benefit, Child Whole Life insurance can also provide lasting value — building cash over time, offering a head start for your child’s future, and locking in affordable coverage while they’re young and healthy.
It’s easy to see why so many families choose to protect what matters most — with love, foresight, and care.
Features of Child Life Insurance
Cash Value
Like a traditional Whole Life Insurance policy, a Child Life policy also builds cash value, and can be accessed in the future for expenses like school tuition, buying a new house, a vehicle, etc. In short, this type of policy provides a ready source of liquidity to use as you see fit, and the cash value grows as your child grows up. Over time the cash value can even exceed the face value.
No Medical Exam Necessary
Children are generally not required to go through the exam process like adults do. Just answer a few questions and you can often obtain a child life policy much quicker than other types of life insurance. Talk about being hassle-free!
Rates and Coverage Remain the Same
Premiums can be designed to remain level for life. They can also be paid over a shorter period of time, such as 10 years (like the example from the video above) or even a single premium for a lifetime of guaranteed coverage.
Locking in Future Insurability
You can’t predict the future. Your child could suffer from a chronic illness or develop a disability at a later stage in life, making it difficult to get life insurance when they’d need it the most. Buying the right policy now, one that includes a Guaranteed Insurability Option (GIO) to increase coverage later with no health questions, will guarantee your child the ability to buy the coverage they need, even if their health would otherwise make it difficult or unavailable.
Secure Lifelong Coverage for Your Child
