Yes it can, if you choose Whole Life insurance coverage. With Whole Life insurance, no matter what age they turn, what occupation they choose, or whatever health conditions occur in the future, your child’s coverage cannot be canceled, as long as the premiums are paid when due.
In addition to ensuring your child has “permanent” life insurance protection, Whole Life insurance also accumulates a cash value. Should the insured child need cash later in the life, the owner may borrow against the coverage or surrender the insurance to collect the cash value that has accumulated.
USBA’s Children’s Group Whole Life Insurance is an affordable option that gives you peace of mind knowing they are protected beyond the protection you give them yourselves.
$5,000 of coverage starts at $1.60 per month.1
Providing Whole Life insurance coverage for your child when they are young and in good health is also budget friendly. With USBA Children’s Group Whole Life Insurance, $5,000 of coverage starts at $1.60 per month. You can get up to $25,000 per child, in $1,000 increments. And coverage is guaranteed renewable for your child’s lifetime, as long as the premiums are paid when due. Click here to learn more.
USBA also offers a 30-Day Unconditional Promise. Upon approval of your Application, you’ll be issued a Certificate of Insurance. If you are not completely satisfied with the provisions of your Certificate, you can return it within 30 days, without claim, for a prompt, full refund.
With coverage starting at such affordable rates, the decision to protect your children now could definitely be one of the wisest decisions you can make. For more information on USBA’s Children’s Group Whole Life Insurance, call our Product Specialists at 877-221-6841, Monday thru Friday, 8:00 a.m. to 4:30 p.m. Central time or visit usba.com.
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