Is there whole life insurance for kids?

Yes, there are life insurance companies including Globe Life and Gerber Life which offer whole life plans for children.

How does kids whole life insurance work?

It's a life insurance policy you buy on the life of your child, who would be the insured. You, the parent, pay the premiums until your child becomes an adult, and you can transfer ownership of the life insurance policy to your child who would then continue to pay the premiums.

How much life insuranc...
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What is children's whole life insurance?

It's a life insurance policy for children that provides guaranteed lifetime protection as long as the premiums are paid.

Your child's life insurance policy will build cash value over time inside the policy from which your child may take a loan if needed.

In addition, the rate charged for your child's life insurance policy will never increase. And, most plans offer the option of increasing the amount of life insurance at age 18 or 21 without having to take...
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