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10 Best Life Insurance For Children

Thinking about purchasing life insurance for your child but getting confused by different insurance companies? Here we have compiled a list of the 10 most cost-effective insurance quotes for your reference. Come and see!

1. Mutual Of Omaha

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As one of the most financially sound life insurance companies, Mutual of Omaha has always been a top choice for children's insurance. Via an easy online application, you can easily purchase a whole life coverage from $5,000-$50,000.

2. Gerber Life

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It may be surprising, but Gerber Life does offer life insurance in addition to baby food. One irreplaceable advantage of the company is that it doubles life insurance coverage once the insured's child turns 18, without increasing premiums.

3. Globe Life

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Globe Life is the only carrier offering insurance for children up to age 24 with a whole life coverage range of $5,000-$30,000. If you are looking for coverage for your child aged 18-24, Globe Life is the best choice.

4. Protective

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The Protective company only covers $10,000 – $20,000 for children, which is a bit lower than other companies. However, it is well regarded by the public and has an excellent financial record. It is also one of the few companies to offer insurance to 18-year-olds.

5. Transamerica

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Transamerica offers a coverage range from $1,000 – $50,000 for children under 18. Although its price is in the middle of most companies, the dealbreaker is that you are required to purchase your insurance through an agent.

6. Royal Neighbors Of America

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Royal Neighbors of America is the first airline company that sells children's life insurance. They can cover from $10,000 to $49,999, and their insurance doesn't have an expiration date. The only drawback is that you need to negotiate with the company face to face.

7. Foresters Financial

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Foresters Financial offers children life insurance up to $75,000, which is higher than most other companies. They also provide a unisex rate in all states except Florida.

8. American Amicable

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American Amicable, which survived the great depression, is a mature insurance company you can count on. They offer a coverage range of $10,000 - $35,000 for children from age 0 to 17. The only inconvenience is that you need to complete your application in person or on the phone.

9. Liberty Bankers Life

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Liberty Bankers' life insurance requires you to spend at least $15 a month, which is rare in children's life insurance. However, the company's premiums remain competitive due to their coverage of $10,000 to $30,000 and indelible insurance expiration dates.

10. Physicians Mutual

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One of its advantages is that Physician Mutual provides you with an online application process that is easy to understand and navigate. However, unlike the extensive coverage offered by other insurance companies, Physician Mutual offers only $5,000 and $10,000 whole life policies, limiting customers' options.

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