Child life insurance policies provide several benefits, including:
- Proceeds from the death benefit can be used to pay for final expenses.
- Level rates guaranteed to remain the same for the life of the policy.
- Guaranteed lifetime life insurance protection.
- Build cash value inside the policy over time.
- A loan may be taken from the cash value in the policy.
- Option to increase coverage when your child reaches adulthood.
Learn more about buying life insurance for your child.