Children's life protection
Issue ages (age nearest)
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Policyowner: age 18 to 55
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Child(ren) already born: 15 days to age 17
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Child(ren) yet to be born: The policyowner must inform the Company of the birth or adoption of any child after the application has been signed. No evidence of insurability is required.
Sum insured
- $5,000, $10,000 or $20,000
Coverage cost
- Fixed and guaranteed
- Payable until the contract is terminated
Termination of coverage
The earliest of:
- the policyowner turns 65
- the youngest insured child turns 25
- The date the contract is converted into life insurance
- the date the contract is terminated
Addition to a coverage already in-force
- Yes, only if the policyowner is also an insured individual on the contract.
Conversion privilege
May be converted into permanent life insurance up to 5 times the insured amount per child, on the earliest of:
- the policyowner turns 65
- the insured child is 25 years old
Products available when the privilege is exercised