Child Rider (0-17 Year Old Children)
This plan is rider and also a term insurance covers any amount of children from 16 days through 17 year old that you have until they are 35 years old. If God forbid 1 or more than 1 or several of your children have to pass, you would receive from $5,000 through $25,000 for each child. This rider comes with any of the available plan for additional $15 to your monthly premium for all the children combine together.
Key Features:
Coverage Amounts: Usually smaller than traditional life insurance, ranging from $500,000 to $15,000,000
Term Life Policy: Premiums stay the same for the period of time that the coverage is taken for (10 years, 20 years, 30 years, etc).
Simplified Approval: Many policies don’t require a medical exam—just health-related questions—making it accessible to seniors or those with health issues.
Quick Payouts: Beneficiaries can often receive funds faster than with larger life insurance policies, helping them pay immediate expenses.
What It Covers:
Whole insurance can be used for:
- Funeral and burial costs
- Cremation expenses
- Medical bills not covered by insurance
- Outstanding debts (like credit cards or small loans)
- Everyday expenses for loved ones
- Generation wealth: Wealth left behind for your love ones
- Retirement
WHO NEEDS IT?
Index Universal Life Insurance is especially helpful for:
- Every individuals from the age 18 years through 60
- Individuals who don’t want to leave funeral or medical costs to their family
- People looking for affordable, easy-to-get coverage
- Parents mostly with minor children
