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 insurance can I get for my kids?Some insurers offer as much as $30,000 of life insurance per child.
How much does it cost?The cost depends on the amount of life insurance, your child's age and gender, and the insurance company. However, most plans cost as little as a few dollars per month.
Does my child have to take a physical exam?No, there's no health exam required, but there may be a few health questions asked on the application.
Can I buy my child life insurance online?Yes, kid's whole life insurance policies are available online.
Here's how to get a
whole life insurance quote for your child.
