The best life insurance for children will be policies issued by reputable and strong companies with industry experience. These companies will offer several policies to choose from, have knowledgeable agents, and an easy quote and application process.
Life insurance is an investment for an event that no one hopes will happen. There are several reasons you may choose to purchase life insurance for children, including death benefits to cover funeral costs and to lock in insurability through your child’s adult years in case your child develops serious medical issues or enters a profession that renders them uninsurable. It can also help provide savings for college or the down payment on a house.
The 6 Best Life Insurance for Children of 2022
Best Overall: Mutual of Omaha
Best for Whole Life Coverage: Gerber Life Insurance
Best for Term Coverage: State Farm
Best for Versatility: Foresters Financial
Best for Affordability: Thrivent
Best for College Students: Globe Life Insurance