Children's Whole Life

A Grandparent's Gift of Insurance Can Help Their Child and Grandchildren


Eddie and Mary Ellen are in their early 60's with an average household income.  They have a daughter, Katie who is a single parent with two school-age children.

Eddie and Mary Ellen are squared away with their own life insurance needs, but because Katie is a single parent on a tight budget they'd like to help meet her needs in the event of the untimely loss of a child.  In addition they want to guarantee their grandchildren's future insurability.


Eddie and Mary Ellen's purchase a Children's Whole Life policy as a gift for their grandchildren assures Katie a guaranteed death benefit plus these advantages:

  • Available for ages 14 days to 17 years in face amounts of $5,000 to $50,000
  • Whole life - policy matures at age 100
  • No medical exam required
  • Cash Value builds over time
  • Rates never increase with age
  • Benefits never decrease
  • Limited health questions
  • Simplified Application

Coverage That Increase As the Need For Life Insurance Increases

Life insurance protection is something we all need, regardless of age or stage in life.  Setting up a lifetime of coverage for your children and grandchildren may be one of the most important things you'll ever do for them.  In addition to the death benefit, one of the advantages of purchasing life insraunce at an early age is that it can help protect future insurability.

Guaranteed Insurability Rider

While the policy is inforce, you have the option of purchasing an additional whole life policy on the insured at the time of several life events, without evidence of insurability

The life events are:

  • The policy anniversary dates following the insured's 25th, 30th, 35th, and 40th birthdays (a reminder letter be be sent before each qualifying birthday)
  • Marriage
  • Birth or adoption of a child
  • Home purchase

The face amount of the additional policy may not exceed the face amount of the original policy purchased.  You will be able to exercise this option up to 5 times.  If you wish to apply for an additional policy you must complete the form and pay the first premium prior to the option date.

Waiver of Premium Due to Death of Owner Rider*

Premiums can be waived for the policy and all riders attached to it for on 90-day period if the owner dies while the policy is inforce.  This is a one-time benefit. this benefit is available 24 months after the policy issue date.  The benefits waived under this provision will not be deducted from the death benefit (subject to state approval)