Provides a death benefit in case a child dies before a specified age.
This rider provides a death benefit in case a child dies before a
specified age. A child does not necessarily need life insurance, but if you
want to be certain that he or she is covered in the event of any accidents,
you may find this rider to be beneficial. In many cases, a child rider cause
noticeable increase in premium. But, it gives you the peace of mind that if
anyone in the family were to pass away, the remaining family members would
be compensated for it. Though nothing could compensate parents suffering the
death of a child, at the very least, in the event of an accident, rider
status would see to it that the parents were left with something to help
with the bills and funeral costs. Understanding child riders can help you
avoid financial issues if a child were to pass away. Since unforeseen final
expenses can be further distressing, this kind of addition to a policy is a
good idea for any parent. After the child attains maturity, the term plan
can be converted into permanent insurance with coverage multiplying up to
five times the original face amount without the need for medical exams.
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-- by helping you achieve peace of mind for your and your family.