What is Juvenile Term Life Insurance?
Juvenile term life insurance insures the life of a child for a specified period of time and can help protect a family against sudden funeral and burial expenses. Juvenile Term to Age 25 coverage offers affordable protection until age 25 for your children ages 30 days old up to 18 years old. Your benefit doubles on the policy anniversary of a child turning 18 years old, with no change to your premium.
How much coverage is available?
You can choose a benefit amount that fits your needs, ranging from $5,000 to $25,000.
Is a medical exam required to apply for coverage?
No medical exam is required to apply for coverage. Acceptance is generally based on answers to a few health questions about the Proposed Insured on your application.
What is a premium?
The premium is the payment you make for an insurance policy.
What is a beneficiary (ies)?
Your beneficiary (ies) is the person(s) you name in a life insurance policy to receive the death benefit.
What happens at the end of the term period?
On the policy anniversary after your child's 25th birthday, the term coverage expires and the grown child has a 30-day window to choose to convert to a permanent whole-life policy at the same coverage amount regardless of their health.
Can my insurance be terminated?
Your coverage can never be cancelled as long as premiums are paid when due.
Policies are underwritten and issued by The Union Labor Life Insurance Company, Silver Spring, MD.
This information is only an outline of The Union Labor Life Insurance Company’s Juvenile Term to Age 25 Life Insurance features. Once approved for coverage, it is important that you read your policy for the exact benefits, terms and conditions of this insurance plan as benefits, limitations, and exclusions may vary by age and State.
