Child Plans
A child plan is an endowment-style policy built around a specific future date — typically your child's higher education or another major milestone. You pay premiums over a set period, and the plan is designed to pay out at the time the funds are needed.
Most child plans include a "waiver of premium" or "payor benefit" rider: if the parent (the policyholder) passes away during the term, future premiums are waived and the plan continues, so the child's payout still arrives on schedule — the feature that distinguishes a child plan from simply saving on your own.
Who this is typically for
Insurance is the subject matter of solicitation. Benefits, exclusions, and payouts are subject to the terms and conditions of the specific policy — we'll walk you through the exact wording before you sign anything.