Children's Life Policy
What it is and why you should buy it.
WHAT IS CHILDREN'S LIFE INSURANCE?
At Simply Rooted Financial, we believe in safeguarding your child's future every step of the way. Children's life insurance is a whole life policy designed to provide lasting security for your little one. Typically purchased by a parent or guardian, this policy ensures that the child's financial protection is in place right from the start. As the policyholder, you have the peace of mind knowing that the beneficiary—often the child's parent or guardian—will be supported in times of need.
Our children's life insurance can be purchased as a standalone policy or easily added to an existing life insurance plan, offering flexibility and comprehensive coverage.
We offer two types of children's life insurance policies:
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Term-Based Policies: These provide coverage until your child reaches the age of majority, which varies depending on state law.
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Permanent Policies: These ensure lifelong protection at a lower, locked-in rate, offering continuous security and building cash value over time.
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Lifelong Financial Security
Children's life insurance provides lifelong coverage, ensuring financial protection from a young age. It offers peace of mind to parents, knowing their child will be covered no matter what the future holds. These plans also provide living benefits should you child become injured or ill.
Flexible Options
You can choose between term-based coverage, which lasts until the child reaches adulthood, or permanent policies that provide coverage for their entire life. Permanent policies also build cash value over time, which can be used for future expenses like education or emergencies.
Affordable and Stable Premiums
Purchasing life insurance for a child locks in lower premiums for the duration of the policy, making it a cost-effective way to secure their financial future. This stable, long-term investment grows with your child and offers enduring protection.