Life insurance for your child offers you and your family a financial safety net in the tragic event your child passes away. At Tim Huber Insurance, we advise customers in St. Augustine, FL, and beyond to consider life insurance for their children for their own peace of mind and their children’s financial security.

What does a life insurance policy on your child cover?

When parents are listed as beneficiaries on a child’s life insurance policy, they can choose how to spend any death benefit. Life insurance policies can cover funeral and burial expenses or give parents time away from work to grieve.

Many policies can be continued and transferred to the child after adulthood. Since children’s life insurance premiums are lower than those for adults, your child can have lifetime coverage at lower rates without taking a medical exam. And if you buy a whole life policy, at some point, it can be converted to paid-up life insurance, borrowed against without regard to credit history, or surrendered for cash.

Types of life insurance for children

We have already mentioned whole life insurance, which accumulates value as long as the premiums are paid. At Tim Huber Insurance, we also write term life policies, which don’t accumulate cash value but have lower premiums, and permanent life insurance that can insure your child as an adult. 

With most companies, even newborns can be insured. But if you have not taken out life insurance on your child, even 17 is not too late.

Wherever you live in St. Augustine, FL, or anywhere else, Tim Huber Insurance can give you the assurance you deserve. Call us today!