brandlogo
Richard C Ahern Insurance LLC
Contact Us Get A Quote Blog Schedule A Meeting
Questions? Call us now. (203) 520-4973
Home
HomeAbout Richard AhernAbout Nancy AhernAbout Brenda FinizioContact UsGet a QuoteSchedule A Meeting
Medicare Advantage
Medicare Advantage PlansDifferent Types of Medicare Advantage Plans
Medicare Supplement
What is Medicare Supplement (Medigap) Insurance?Compare Medicare Supplement plans side by side
Medicare Part D
Part D Prescription Drug Plans
Medicare Resources
Medicare SimplifiedAre You Eligible for Medicare?Medicare: What you need to knowMedicare-Related Enrollment Dates and GuidelinesMedicare 2025 Costs at a GlanceWhere to Get Your Medicare Questions AnsweredWhat to Consider When Choosing or Changing My CoverageWhat to Do During Your First Year With MedicareCoordinated Medicare/Medicaid BenefitsGet your Medicare & You HandbookMedicare Medical Savings Account (MSA) PlansFive Things to Know About Your Medicare Card
Life Insurance
Navigating Life InsuranceTerm Life InsuranceWhat is Universal Life Insurance?Taking the Confusion Out of Linked BenefitsLife Insurance Policies and Cash ValueHow Much Life Insurance Is Enough?Difference between Simplified Issue Life Insurance and Guaranteed Issue Life InsuranceWhich Makes Sense for You: Permanent or Term Life Insurance?Why it’s Worth Considering Final Expense Insurance?Burial and Final Expense InsuranceUnderstanding Juvenile Life Insurance
Annuities
An Overview of Annuities

Understanding Juvenile Life Insurance

As a parent and grandparents we often want to make sure that our children and grandchildren are financially secure. And, it isn’t unusual to wonder if is there anything else you could be doing to help them.

This might be the time to consider juvenile life insurance. Often, juvenile life insurance is misunderstood. For some, the idea of juvenile life insurance evokes dread. While a juvenile life insurance policy does indeed insure against this very slim risk, some types of coverage are also designed to protect your child’s financial future.

Types of juvenile life insurance:

Juvenile permanent life insurance. This type of coverage is in place as long as premiums are paid. As with any adult permanent life insurance it accumulates cash value over the years. Juvenile policies are generally issued at the lowest rates available, and with limited underwriting. They’re owned by a parent or grandparent until the child is 18, at which point he or she can assume ownership.

Your adult child or grandchild can now enjoy some distinct benefits:

  • Guaranteed insurability: Your daughter or son locks in a low rate and continued coverage—and can generally purchase more life insurance up to allowable limits. This may be one of the main reason parents buy juvenile life insurance. Insurability is easy to take for granted when you have it. While most children are healthy, a future health concern could one day make your son or daughter hard to insure. This affects their entire family, who must find other ways to protect against financial vulnerability.
  • Cash value: The policy’s cash value grows tax-deferred over time, making it a reliable savings vehicle with some unique characteristics. If the cash is needed, the policy owner can access it through low-interest policy loans or outright withdrawals. The policy can also be surrendered for the cash value, typically minus a surrender fee.

Juvenile term life insurance. In contrast to juvenile permanent life insurance, juvenile term offers parents significantly less expensive coverage. However, term life insurance does not have a cash value, and only lasts for a specific length of time, such as 10, 20 or 30 years. Policy owners pay a level premium during the length of the term, at which point the term expires and coverage becomes more expensive, often significantly so.

Juvenile term coverage is typically available as a rider (basically, a coverage option) on a parent’s term policy. This rider typically lasts until your child reaches adulthood. You can often purchase coverage for all your children for the same price, with a single rider. In the event of the unexpected death of an insured, the policy’s death benefit can be used to cover expenses.

Remember, while you may have a lot of other priorities on your plate, juvenile life insurance can help provide financial stability for your children as they come of age.

Life Insurance
  • Navigating Life Insurance
  • Term Life Insurance
  • What is Universal Life Insurance?
  • Taking the Confusion Out of Linked Benefits
  • Life Insurance Policies and Cash Value
  • How Much Life Insurance Is Enough?
  • Difference between Simplified Issue Life Insurance and Guaranteed Issue Life Insurance
  • Which Makes Sense for You: Permanent or Term Life Insurance?
  • Why it’s Worth Considering Final Expense Insurance?
  • Burial and Final Expense Insurance
  • Understanding Juvenile Life Insurance
kids

Richard C Ahern Insurance LLC

Follow Us

About Us

Our firm is staffed by proven insurance professionals committed to providing our clients with highly personalized service.

Other Links

Privacy Policy
Legal Terms

Address

1 Trap Falls Road
Suite 206
Shelton
Connecticut
06484
(203) 520-4973

This is a solicitation for insurance. Submitting information or calling numbers listed on this website will direct you to a licensed Agent/Broker.

Important disclosures about Medicare Plans: Medicare has neither endorsed nor reviewed this information. Not connected or affiliated with any United States Government or State agency. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

© Copyright 2025Richard C Ahern Insurance LLCAll rights reserved.
Insurance Websites by AgentMethods
...