Life Insurance For Your Children

January 09, 2025 Life Insurance

When considering life insurance, many people often think of protecting their own lives and their families' financial stability. However, they may not consider life insurance for children, which is also important. A children’s term rider offers a unique opportunity to secure coverage for your little ones at a young age, ensuring they have access to essential benefits as they grow. This type of rider provides peace of mind for parents, knowing that their child is more protected in the unforeseen event of tragedy. That's why we offer a children’s term rider, a valuable addition to your life insurance coverage that helps protect your little ones.

A child term rider is a way to extend life insurance coverage to your children, by adding the rider to your life insurance policy. The children’s term rider is a Term Life Rider providing $20,000 of level death benefit protection for all eligible children and future unborn children after reaching 15 days old. The level premium for the child term rider remains the same regardless of the number of children insured by the rider, and it protects each child’s insurability by offering the opportunity to convert up to five times the coverage amount to a permanent policy without proving insurability. This option to convert is available depending on the provisions in the policy contract. Each child’s coverage will terminate on the earlier date of the child’s 25th birthday or rider expiry.

There are several compelling reasons to consider a child term rider. Firstly, it guarantees future insurability for your children, protecting them even if health issues develop later in life. Secondly, it provides financial assistance for unexpected expenses in the tragic event of a child's passing. Lastly, it provides the option to convert the rider to a permanent life insurance policy.

Get connected with your local Farm Bureau Agent: www.sfbli.com/findoutmoreinformation/

Southern Farm Bureau Life Insurance Company offers life insurance in Arkansas, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Texas, and Virginia.

*The amount of life insurance coverage that you may qualify for or apply for is subject to medical and financial underwriting by Southern Farm Bureau Life Insurance Company in Jackson, MS.