Children’s Whole Life Insurance
Guaranteed-renewable permanent life insurance coverage for children aged 15 days to 17 years, with face amounts starting at $10k and policy ownership by parents or grandparents.
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Highlight Sheet
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Seller's Guide
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On-demand Training
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Sales Ideas
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Key Features
- Limited pay options for 10-pay, 20-pay, pay-to-age 65 and pay-for-life1
- Premiums that are guaranteed never to increase
- Create a future nest egg with a participating policy that builds cash value and is eligible for dividends2
- Face amounts from $10,000 to $100,000 without financial verification3
- Automatic transfer of ownership when the child reaches age 25
- Quick underwriting and instant decision available
- Expand coverage with the optional Guaranteed Insurability Rider up to 5 times before age 404
Get Product and Training Materials
1 Issue ages for 10-pay, 20-pay and pay for life: 15 days through 85 years; Issue ages for pay to age 65: 15 days through 54 years.
2 Dividends are not guaranteed and are determined by Assurity’s experience relative to assumed mortality, investment performance and expenses.
3 For amounts over $100,000, at least one parent/guardian must have at least two times the amount of whole life insurance inforce on themselves.
4 Guaranteed Insurability Rider comes at additional cost. Additional benefits purchase amounts range from $10,000 to $50,000, with total purchase from all options subject to a maximum of the initial base policy benefit amount. The purchase of additional benefits will increase premium.