Life Insurance for Children:

News from 2010

RBC Insurance’s Universal Life Children’s Term Rider

RBC Insurance's Universal Life policy is available with a level or increased cost of insurance. Both versions have a Children's Term Rider, which is available to children ages 14 days to 20 years. Benefit amounts are $5,000 to $30,000 per child. The premium for the rider does not change when additional children are added. It's the same price whether one or a dozen children are added. (more…)
Continue reading Buying child life insurance

Eileen McGeough bought life insurance for her two children after her neighbour's teenage son was killed in a car accident almost 20 years ago. The sudden death and watching the family struggle in the aftermath left McGeough feeling vulnerable. At the time, the young mother knew she wouldn't have the money on hand to bury one of her own children. For $15 a month per child, life insurance gave her some peace of mind. "You don't think about these things until something happens," says ...
Continue reading Student accident insurance

May Alexander knows all about kids and accidents. As mom to two active boys, ages five and seven, she's seen her fair share of bumps and bruises. Those she can handle, but it's the big things - major accidents or injuries - that scare her: first and foremost the horror of her children getting hurt, but also how she'd cover the cost of everything from rehabilitation to prosthetics. As a result, this Toronto mother invests in accident insurance ... just in case. "Anything that says ...
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BMO’s Children’s Life Insurance Plan

BMO Insurance offers a children's life insurance plan sold directly via its call center and not its broker network. The plan is called the “Headstart in Life Plan.” (more…)
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Children’s Life Insurance: Canada Life Increases Maximum Conversion Amount

Protecting their children’s future insurability is a priority for many parents. Canada Life’s child’s term life insurance rider provides increasing term life insurance for children on the policy of an insured parent. All insured children are covered for one low, level price to age 25. (more…)
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The Wall Street Journal: Nothing Morbid About Child Life Policy

For most people, a life insurance policy is a way to protect assets or maintain a lifestyle for dependents when the main breadwinner passes away. This makes such policies for children seem unnecessary and even morbid. (more…)
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Desjardin’s Harmony New Generation: Critical Illness Insurance for Children

Heaven forbid the unexpected happens: Lung Cancer, Leukemia, Cystic Fibrosis. Critical Illnesses can befall children as well. As parents, we would do anything for our kids, but what if the medical expenses were already taken care of and we could concentrate on being our child's soft place to fall? (more…)
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5 Reasons It Makes Sense to Insure Children with Life Insurance

Putting a life insurance policy on a child may seem like just something insurance broker parents do to collect an easy commission. After all, they have no dependents and they're expected to out live those that raise them. Not so fast, there is a method in the perceived madness. (more…)
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