Life insurance plans for children can offer several benefits for the parent and the child insured.
Child life insurance coverage may build cash value inside the policy over time, from which the insured may be able to take a loan in the future.
In addition, child life insurance may offer the child the chance to buy additional coverage when the child reaches age 18, 21, or 25.
Also, life insurance plans for children can help provide needed funds to pay for a funeral and burial should the insured child pass away. Learn more about life insurance for children.