What is juvenile whole life insurance?

Juvenile whole life plans help develop a firm financial foundation by insuring a juvenile or young adult’s life.
Why should I insure my kids?
Lifelong safety
Ensure future insurability – the kid is covered regardless of future health.
Boost income/retirement.
Preserve childhood rates for life, lowering premiums
Build cash value throughout the policy’s term, which may be borrowed against tax-free.
Give a present that will last a lifetime to a treasured kid or grandchild.
Does my kid qualify?
Step one is to fill out an application for the youngster. For minors, the insurance is usually held by the buying adult until they achieve a majority. Then, our underwriters will analyze the child’s medical history to assess the risk. After that, the premium is based on the child’s age, gender, and risk categorization.