David Allan

Expertly compared by David Allan

Products Updated April 20, 2018

Life Insurance For Children

Life insurance for children has a range of benefits that would be paid to the parents if the child is diagnosed with any long term illness such as a terminal illness or were to die. Our experts and providers can help you get the best deal.

FREE life insurance advice and comparison. Our experts can help find you a great deal from providers across the whole marketplace:

Learn More
All credit types
Rated 4.8/ 5

Lifes Great

Provider
Lifes Great

Products
Life Insurance

Speciality
Compares The Market

Whether you are looking for a cash lump sum payout or decreasing term mortgage life insurance, Lifes Great can provide you with a quote and a recommendation in under a minute. Free to use and you are under no obligation to proceed with any quote given.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

 

FAQ's

What is life insurance for children?

Children are the most important thing to parents and surrounding family and as a result you feel they need protecting as much as possible. The majority of parents spend a lot of time doing everything within their power to protect their children. For any parent, it is impossible to think about anything happening to your child, especially if they are lively, energetic and healthy. So we offer life insurance for children either as an individual policy or as an additional benefit to another life policy.

[caption id="attachment_8338" align="alignright" width="116"]Protection for children Protection for children[/caption]

Life insurance for children comes with a number of benefits that ensure your child is completely protected up to the age of twenty one. The main benefits are the death benefit, critical illness benefit and the funeral benefit. The payout would be made which would consist of a set benefit amount to the parents on all of these benefits. We understand that it is difficult to think about but if the worst were to happen these benefits would help greatly at a time of need.

Also see: Family life cover & Joint life insurance

How does the policy work?

Life insurance for children has a range of benefits that would be paid to the parents if the child is diagnosed with any long term illness such as a terminal illness or were to die.

This type of insurance cover is used as financial protection that covers your child to the age of twenty one. The policy also builds a cash value, is tax free and by taking out this policy you are also guaranteeing your child's future insurability.

What are the features?

    There are a number of key features with this policy and they are;

  • Opportunity for the child to renew their policy from the age of twenty one.
  • No medical examinations are required in order to apply.
  • The policy builds cash value that increases year upon year.
  • Your child will be completely financially protected.
  • A number of benefits are available to ensure the policy is right for you and your child.
  • Peace of mind for the parents should the worst were to happen because financial help is available.
  • Death benefit would be paid if the worst were to happen and your child were to pass away.
  • Terminally ill benefit would be paid if your child is diagnosed with a terminal illness and had less than 12 months to live which would mean we would pay a benefit amount to the beneficiaries to help with future arrangements.
  • Funeral benefit is also available and would be paid out if your child were to die. This would help with any funeral arrangements.

What are the policy benefits?

There are many benefits with this type of policy for children, the main ones are;

  • Opportunity for the child to renew the policy at the age of twenty one.
  • Affordable premiums with the option of fixing the monthly cost to suit.
  • Flexibility to choose the sort of cover you believe your child needs.
  • Peace of mind for the parents and family knowing that their child is covered.

We are independently reviewed by our verified customers and web users:
Rating: 4.6 / 5 with 28 votes

Lending Expert is a credit broker and comparison website, we're not a lender.

We bring together the very best financial providers and products from across the market place.

Warning: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk