Life Insurance Basics
What is a life insurance child rider?
A child rider adds life insurance coverage for your children to your life insurance policy. The child rider typically covers all children under a single flat premium. Coverage amounts are typically $5,000-$25,000 per child. The child rider can often be converted to a permanent policy when the child reaches adulthood.
Key Points
- Child rider: adds coverage for your children to your policy
- Covers all children under a single flat premium
- Coverage: typically $5,000-$25,000 per child
- Can often be converted to permanent policy when child reaches adulthood
- An independent agent can help you evaluate child riders