Child Health Insurance
Insurance Solutions for Those in Need.
As parents, we’ll take tremendous measures to protect our children. From the moment they arrive in our lives, we worry that something will hurt theirs, making few safety precautions beyond consideration.
That’s why the car seat latch hooks get wrestled into place; it’s why the electrical outlets, coffee table corners and bathtub faucets are suddenly covered; and why there are house rules for bike helmets and online safety.
Yet with all parents do, it’s common to overlook life insurance, one of the most important measures for a child’s life and future. For some time, we have researched insurance products designed for children, but found premiums too high or minimum coverage too excessive. Our research turned up one solid product though, in the Gleaner Life Insurance Society, which provides a $10,000 policy for a one-time premium of $125 – a policy that can be converted to $50,000 in coverage.
How the policy works:
- Issued for children ages 1 month to 17, with coverage lasting until age 25
- One time premium of $125 (also covers twins and triplets)
- Coverage amount of $10,000
- Options to convert to a $20,000, $30,000, $40,000 or $50,000 permanent life certificate (policy) prior to the seventh year of coverage, or the child’s 18th, 21st or 25th birthdays, with no additional cost and medical examination.
We are happy to recommend this insurance opportunity. Your child would be covered in case of life’s unfortunate turns, or – as is much more often the case – he or she would have the gift of life insurance in place early in their lives. Once the policy is in place, it can be converted to the $50,000 policy without a medical examination, which can be an important option for some children.
Grandparents may also provide this gift of coverage. For more information we have plenty of information that explains the policy and company in more detail. (Gleaner Life Insurance is a reputable company that dates back to 1894.)
If you want to submit an application or have any questions, we would be happy to help. (we promise, it’s much easier than installing a car seat!) Feel free to contact us at any point to discuss your options.