Here are some important things to keep in mind when your clients are thinking about purchasing life insurance for children:


Purchasing life insurance for children can ensure their future insurability and provide financial protection.

Child life insurance policies are similar to those for adults, with options for whole life and term policies.

Whole life insurance for children offers lifelong coverage and the potential for cash value accumulation.

Child term riders can be added to existing life insurance policies to provide limited coverage.

The cost of life insurance for children is typically lower when they are younger.

Life insurance for children offers guaranteed insurability, cash value benefits, and death benefits.

However, there are also disadvantages, such as potentially lower returns compared to other investment options and limited coverage limits.

The best time to purchase life insurance for a child is when they are young, and it aligns with your financial goals.

Consider factors like the type of coverage, cash value, premiums, and coverage amount when buying a child life insurance policy.

It’s important to compare quotes from different insurance companies and consider options like child riders or coverage through your employer.

Some life insurance companies to consider for child coverage are Mutual of Omaha, Protective, and Penn Mutual.

Eligibility for child life insurance varies, but coverage is generally available from a few weeks old until the child turns 18.


If you have questions about products, carriers, or generally want other information on getting your next clients child set up with life insurance, give NFI Solutions a call!

952 887 1239