It's usually easy to add a child to your own life insurance policy. We look at the pros and cons of doing this, and how long the coverage can last.

Should you take out a life insurance policy for your children? Here’s what you should know about child life insurance policies and when it makes sense to purchase one.

Child life insurance policies pay out a lump sum in the event of a death, as long as the premiums are paid. Pros: The payout can be used for expenses like burial costs or grief counseling.

If you purchase a term life insurance rider, your child will be covered until they're 18 (or, in some cases, 25). However, if you buy a separate whole life policy for your child, they will have ...

Child life insurance secured via a term life insurance rider will generally expire at a certain milestone, such as turning 25 or getting married. At that point, your child may be able to convert ...

Child life insurance is typically sold as a whole life insurance policy with a death benefit under $100,000. Because the child is less likely to pass away than an adult, premiums tend to be relatively ...

Child life insurance allows you to plan for the unthinkable, and that’s what life insurance, for anyone, is truly about. Although lost income is not typically an issue for children, final ...

The insurance company may require you to be within a certain age range to qualify for a child rider for life insurance. For example, you might need to be at least 20 but younger than 55 to qualify.

Types of life insurance. Being a parent is a significant financial commitment. The cost of raising a child ranges between $200,000 and $450,000.

Gatty: I’ve done this for my own child.He’s 10-years-old. I’m paying about $1,600 a year on a $350,000 policy. By the time he is 50, he can cash out the policy and will have enough to buy a ...