Child riders let you provide life insurance protection in the event that anything happens to your children.
Not exact matches
For example,
let's say you bought a burial insurance policy on yourself, and you added on 4 units of the
children's benefit
rider.
Here's an example to work out this math:
Lets say you wanted a $ 10,000
child rider, that would cost you $ 50 ($ 5 x 10) per year or roughly $ 4 per month.
Child rider — Exactly what it sounds like, this
lets you insure multiple
children for one extra charge on top of the premium to your policy.
Many companies will also
let you convert a
child rider to a separate policy when your teen becomes a young adult (usually age 25).
This
rider lets you purchase additional coverage for your spouse and / or
children.