With all your responsibilities as a parent, buying your young children their first insurance policy is probably not among your key concerns. As unexciting as this topic may seem, obtaining insurance at an early age for your children could make their lives much easier in many respects.
Assumption Life’s term Youth Plus life insurance provides coverage up to 25 years of age. This means that your young adults will be able to focus on their studies or starting a career rather than worrying about buying life insurance.
Youth Plus also provides your children with "guaranteed insurability" so they can maintain their coverage even if they develop certain health problems.* This same "guaranteed insurability" allows your children, once they reach 25, to convert Youth Plus into permanent or term life insurance, whatever their state of health, without proof of insurability. Furthermore, Youth Plus offers a "living benefit" should a child become ill**, allowing you access part of the policy’s face amount so that you may care for your child without exhausting financial resources.
Other important features of Youth Plus:
- For children from 15 days to 17 years of age.
- Guaranteed level premiums -- remain unchanged for the term of the contract.
- Your child’s coverage (guaranteed death benefit) will not decrease until age 25.
Youth Plus gives you peace of mind while you enjoy watching your children grow.
Want to know more about Youth Plus? Just contact one of our representatives.
* The child must have been insured prior to developing the health problem as described in the basic policy.
** As described in the contract.
This product has certain limitations and exclusions.
