Life Insurance Quotes



Life Insurance for Children

Life Insurance for ChildrenIf you are shopping for life insurance for children, then you are probably concerned about leaving a financial burden on your loved ones. Most shoppers look for life insurance for babies so that they can lock in a low rate while they are young and in perfect health.  Many parents will also purchase life insurance for their children at this age. One thing you can be sure of is that you have plenty of choices for life insurance coverage and the cost is very affordable.

Life Insurance for Children - Your Options

You have two basic options for child life insurance coverage - term life insurance and permanent life insurance. A term policy is temporary coverage that can last anywhere from one year or as long as 40 years, depending on the company that you choose. It is very affordable coverage because you can get a big policy for a very reasonable premium.

Unlike term insurance, permanent life insurance will last you for your entire lifetime, as long as you continue to pay your premiums. Your policy will also accumulate cash value on a tax-deferred basis. Whole life and universal life are the 2 most common permanent coverage options.

Sample Rates for Children's Life Insurance

Here are a few sample rates to give you a general estimate of how much a policy for your child could cost. These are based on a healthy child with no pre-existing conditions. Your rate could be lower or higher depending on your situation.

$250,000 30 Year Term Life Insurance:

18 Year Old Male - $292.50 per year
18 Year Old Female - $242.50 per year

$250,000 Level Pay Whole Life Insurance:

18 Year Old Male - $1,095 per year
18 Year Old Female - $945 per year

These are just a few examples. Obviously if your are child is under 18 the rates will be considerably less. Fill out our short information form to get personal rates today.

Does Your Child Have Some Health Problems?

Although most children are in perfect health, there are some young ones who have pre-existing health conditions from birth or other things that have developed during childhood or the teenage years. In most cases, you can still get affordable rates, though you have to be sure to apply to the appropriate companies. It is best to speak with an experienced agent about the particular health situation because he or she can guide you towards the best carrier for your needs. You can also fill out our short rate request form and compare rates from companies that offer coverage based on your situation.

Get Started Today

The first step when looking for a child's life insurance policy is to shop around. Rates can vary by as much as 70% from one company to another so it definitely pays to compare. Get a free no obligation quote today and compare multiple quotes in one place.