Child Life Insurance Privacy Policy | Contact |

Child Life Insurance

BBBOnLine Reliability Seal

Home - Life Insurance - Different Types Of Life Insurance - Child Life Insurance

Find Local Doctors & Health Plans : Enter ZIP Code...

Your ZIP Code

Types of Health Plan

Your E-mail ID

[Optional and Compliant to Federal Laws]

Child Life Insurance

Child Life Insurance

Life insurance plans provide facilities by which a family can obtain a big financial help in the event of the insured's death. One can also think of purchasing a child life insurance policy to protect his/her children from any potential losses. Before considering this option, one should also make a systematic investigation about that particular child life insurance policy.

For the reason that life insurance is a beneficial option for compensating lost income of the insured in the event of his/her death, the necessity for child life insurance is subject to disagreement and debate. The truth is that children do not earn money. On the contrary, some argue that a family needs to obtain coverage to compensate related post-death expenses like medical cost, burial costs etc in the event of child's death.

Major Child Life Insurance Plans

A good number of child life insurance plans are available in the market. Some of the major child life insurance plans include Gerber's Globe Young American Plan and Grow-Up Plan. Both of these plans are popular for children. Some of the major features of these plans are described below:

Young American Plan
  • Life insurance policy covers the entire life of the child
  • The cost of premium is set based on the age of the child and it remains fixed throughout the child's life
  • One needs to pay only $1 as premium for the first three months. It is applicable for $10,000, $15,000, $5,000, $20,000 or $25,000 of coverage
  • To get the policy, one doesn't need to sit for any exam but only to fill up an online application form
  • One doesn't need to wait for a long time for getting the policy
Grow-Up Plan
  • Very low premiums
  • Premiums are fixed throughout the life of the policy
  • Coverage available include $15,000, $5,000, $20,000, $25,000, $30,000 and $10,000
  • When the child reaches the age 21, the coverage amount will be doubled
  • When the child reaches the age 21, he/she will be liable to purchase additional coverage

Child Life Insurance Policy Options

In addition to obtaining a policy for his/her child, one can also opt for “child death benefit”. This can be a beneficial option as it costs only $5 (per month) more. It also provides coverage of $10,000 against each of the child. This implies the fact that once the child (or children) becomes an adult, this coverage amount can be converted as their own policy.

Child Life Insurance CLICK HERE FOR INSTANT FREE LIFE INSURANCE QUOTES


Home     Contact Us     Privacy Policy     Our Edge     Disclaimer     Site Map     More Resources

Copyright 2003-2021 QuickHealthInsurance.com Group, Inc. [Protected under U.S. Copyright TX5-874-987 & Several Pending Patents]

Page copy protected against web site content infringement by Copyscape.