Grandchild/Child Life Insurance

Grandchildren are a wonderful gift to the entire family, particularly grandparents. This is why creating a gift of insurance for a grandchild is so important. Plans are available that offer cash values that can be used to help pay off the policy. Once paid up, the plan can be kept for a lifetime, with no additional premium payments required. These plans make great college and wedding gifts, as they can offer cash value to borrow from, as well as provide necessary insurance that can be easily converted to other plans without the insured child having to show Evidence of Insurability to qualify. Many plans can be kept on the child until age 25.