What are the advantages of having a life insurance plan on my child?

Children's life insurance policies provide several benefits, including:

  • Proceeds from the death benefit can be used to pay for final expenses.
  • Build cash value inside the policy over time.
  • Guaranteed lifetime life insurance protection.
  • A loan may be taken from the cash value in the policy.
  • Level rates guaranteed to remain the same for the life of the policy.
  • Option to increase coverage when your child reaches adulthood.

Here's how you can learn more about child life insurance plans and how to get coverage for your son or daughter.