Who might consider it?
Parents
To establish permanent coverage early.
Grandparents
To give something with long-term value.
Families Planning Ahead
To give a child a head start on lifelong financial protection.
Families With Health Concerns
To help secure coverage before future health changes may affect insurability.
Future Insurability
Options for the Future
Some youth life insurance policies include options that may allow the insured to purchase additional coverage later in life, even if health changes. Availability and terms vary by carrier and policy.
Move Coverage Later
Some policies allow additional coverage to be purchased at certain ages or life events.
Protection From Health Changes
Future insurability may help preserve access to coverage if health changes later.
Coverage for Adult Needs
As responsibilities grow, additional protection may be available for things like marriage, a home or starting a family.
Common Questions About Youth Life Insurance
Eligibility ages vary by carrier and product. Many youth life insurance policies are available beginning at a very young age.
Often no medical exam is required, although underwriting requirements vary by carrier and policy.
A parent, grandparent, or other eligible adult typically owns the policy while the insured is a minor.
Permanent youth life insurance can generally continue into adulthood as long as required premiums are paid and the policy remains in force.
Some policies offer options to purchase additional coverage at certain ages or life events. Availability, amounts and requirements vary by carrier and policy.