Not exact matches
Children are covered under a
separate rider.
Adding a
child term
rider onto your life insurance policy can be an inexpensive solution for parents to insure their
children without having to purchase a completely
separate life insurance policy.
You do not need to purchase a
separate rider for each
child.
These two important
riders make it possible for an applicant to add their spouse and
children to their term insurance thus creating a family life insurance plan at a lower cost than
separate policies.
Many companies will also let you convert a
child rider to a
separate policy when your teen becomes a young adult (usually age 25).
A
child rider allows parents to purchase life insurance for their
children (all in one
rider), without having to purchase a
separate policy for each
child.