The “Juvenile Whole of Life plan” is a type of whole life insurance designed for children. It is a non-participating policy, meaning it does not provide dividends based on the insurer’s financial performance. This plan offers increasing coverage over time, ensuring that the death benefit grows as the insured ages. Additionally, the premiums are guaranteed, meaning they remain fixed and do not increase over the life of the policy.

This Policy is issued between the ages of 0-12. The sum increases at the beginning of the year following the attainment of age 21 by one time the original sum. For example, 1 million increases to 2 million. It then increases again at the beginning of the year following the attainment for age 35 by one time the original sum. For example, 1 million increases to 3 million. This policy has a minimum amount of $500,000 and a maximum amount of $1,000,000.

The riders available are Payor Benefits.