There are several highly-rated life insurance carriers that offer children life insurance plans.
However, two of the most well-known child life insurance carriers are Globe Life and Gerber Life.
But first, you should understand how life insurance works for children.
Child life insurance provides a limited amount of life insurance coverage, usually up to $30,000.
In addiiton, child life insurance provides guaranteed lifetime protection, as long as the premiums are paid.
The life insurance plan builds cash value over time from which the owner may take a loan if needed.
And, when you child becomes an adult he or she may purchase additional coverage.
The premiums will not increase on the policy, it is whole life insurance protection.
Here's how you can compare Globe Life vs Gerber Life insurance for children.