Children's whole life

Typically sold to grandparents. You don't need the parent's permission. As with other policy options, it's simplified issue and no MIB report is necessary. It's guaranteed issue and since there's no medical exam it usually issues immediately. It also accumulates cash value.

The policy is for ages 0-17. The child must be at least 15 days old. You don't need the child's social security number, just the name and date of birth. The policy is very affordable and the premium remains level for the life of the policy.

Up to 9 children can be written on one application, but each child gets their own policy. The coverage should be equal for each grandchild. The policy has a guaranteed insurability rider that allows them to purchase additional insurance without proof of insurability at ages 25, 30, 35, and 40. This can be done at marriage, the birth of a child, or purchase of a home