Sentences with phrase «most juvenile life insurance»

But the real and prudent reason to consider life insurance on your child is that most juvenile life insurance plans have a conversion option that allows the child, when they become a young adult, to convert the plan to a larger plan without evidence of insurability.

Not exact matches

This type of life insurance coverage is most common in juvenile life insurance, life insurance plans for seniors, people with health conditions, or those who have been turned down for life insurance.

«If structured correctly, juvenile insurance can provide an income stream at some point later down the road,» said Kyle Winkfield, president of the Winkfield Group in Rockville, Md. «Permanent life insurance is probably one of the most versatile financial products that is out there that you can create an income stream at a later date through loans and withdrawals.