Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

Child term rider

Find out when it’s a good idea to add a child term rider to your policy.

The benefits of a child term rider are twofold. It gives parents the financial resources they might need if their child passes away unexpectedly, and it can secure coverage for children with serious health conditions early in life. While it’s low-cost to add this rider to your policy, it might be unnecessary.

What is a child term life insurance rider?

A child rider is an add-on to a term life insurance policy that protects your children. Also known as a “child protection rider,” it pays out a death benefit if your child passes away. It can cover multiple children under the same flat fee, including biological, adopted and stepchildren.

The coverage varies between insurers, but is usually capped at small amounts between $1,000 and $25,000.

How do child term riders work?

Typically, you can add this rider to your policy when your child is between 15 days and 18 years old. Depending on your provider, the coverage expires when the child turns 23 or 25, or gets married — whichever comes first.

Adding this rider to your policy can cover the costs of a funeral should the unthinkable happen. If your child passes away during the term, you’ll receive a lump sum death benefit.

Some insurers will allow you to add the child term rider to your policy while it’s in force. But in most cases, you’ll need to opt into the rider when you purchase your policy.

Will my child be able to keep their policy when they grow up?

Once your child’s rider expires, most insurers will allow your child to convert it into a permanent policy without showing evidence of reinsurability. Since the rider can “lock in” future coverage, it’s particularly useful if your child has a medical condition that may otherwise disqualify them for coverage.

Will my child need to undergo a medical exam?

No. Your child — or children — won’t need to take a medical exam for you to add this coverage to your policy.

However, your insurer may ask questions about your child’s health as part of the application. If your child has a preexisting condition, you may not be able to add the rider.

Converting a child term rider

If your child decides to upgrade to a permanent policy when their rider expires there will likely be limits on how much coverage they can convert. With most insurers, they’ll only be able to convert up to five times the original face amount of the rider.

Let’s say you have a $10,000 child protection rider. If your child decides to convert to a permanent policy when they reach the age of maturity, they’ll be able to buy $50,000 in coverage.

Child riders vs. child life insurance policies

If you’re interested in buying life insurance for your child, you have two options:

  • Child life insurance policies are whole life policies that offer lifelong coverage and build cash value over time. They can be expensive, so they’re best suited for children with serious health conditions.
  • Child riders are low-cost riders that parents can add to their own term life insurance policies. They protect all current and future children in your household, and pay out a small death benefit in the case of a child’s passing.

Average cost of a child rider

The cost varies between carries, but generally, child riders are priced per $1,000 unit — with $5 per unit being the ballpark figure. To put this into context, if you buy a $10,000 child rider, you’ll pay $50.

Your insurer will roll this cost into your annual premium, so you’ll only need to make one payment. Before committing to a child rider, ask your insurer about the exact cost.

5 of the best life insurance companies that offer child riders

These 5 insurers stand out for the coverage, conversion amount or cost of their child riders. They’re listed in no particular order.

AM Best and BBB rating
Eligibility and expiration date
Convertibility feature
Coverage amounts
Cost per $1,000 unit
Medical questionnaire
Legal & General
AM Best: A+

BBB rating: A+

Eligibility: 15 days to 25 years

Expiration date: 25

$5,000 and $10,000
Mutual of Omaha
AM Best: A+

BBB rating: A+

Eligibility: 15 days to 20 years

Expiration date: 23

$1,000 to $10,000
Principal Life
AM Best: A+

BBB rating: A+

Eligibility: 15 days to 18 years

Expiration date: 25

$1,000 to $10,000
AM Best: A+

BBB rating: D-

Eligibility: 15 days to 18 years

Expiration date: 25

$10,000 to $100,000
AM Best: A

BBB rating: A-

Eligibility: 15 days to 18 years

Expiration date: 25

$1,000 to $99,000

Must read: How we picked our best providers

Our writers and editors are committed to objectivity and empowering our readers to make decisions free of bias.

When analyzing life insurance providers, we assessed the insurer’s child term rider costs per $1,000 in coverage, available coverage amounts, and medical exam policies.

To determine industry reputation, our editorial team researches the company’s financial strength, accreditations and ratings, and reads customer reviews.

Protect your loved ones
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.

Need help? Talk to a customer specialist


Compare life insurance companies

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
18 - 60 years old
5, 10, 15, 20, 25 and 30 years
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.
Policygenius - Life Insurance
18 - 85 years old
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
18 - 60 years old
10, 15, 20, 25, 30 years
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
10, 15, 20, 25, 30, 35 and 40 years.
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
20 - 60 years old
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.

Compare up to 4 providers

Bottom line

Child term riders are designed to give parents the resources they might need during an extremely difficult time. While this rider can be useful in covering the cost of a funeral or locking in coverage for a child with a serious illness, it’s not the best fit for all families.

To customize your coverage to suit your needs, compare life insurance policies and providers as well as available riders.

More guides on Finder

  • Dayforward life insurance review

    Dayforward’s innovative income-replacement life insurance product appeals to many parents seeking simple life insurance solutions.

  • Life insurance for people over 60

    While it’s common for Americans in their 60’s to either be retired or approaching retirement, there still may be some beneficial value in investing in a life insurance policy. Compare your options and learn what type of policy will most fit your needs as someone over 60.

  • Top 10 stocks for kids: Kickstart their savings

    Build your child’s first portfolio with these popular blue-chip stocks.

  • Life insurance for seniors over 70

    A final expense life insurance policy may be your best option in your 70s, especially if you have prior health problems.

  • Regions Bank home equity review

    Offers both home equity loans and HELOCs, but it’s only available in select states.

  • UNest review

    UNest provides robo-advising for your child’s investment account for a monthly fee.

  • How to start a vending machine business

    Is a vending machine business a low-cost, easy-start business idea? Find out what’s involved with a vending machine business and how you might finance it.

  • Best umbrella insurance

    Receive extra liability coverage with an umbrella policy from these top insurers, though they may require you to have car insurance through them.

  • Stash debit card review

    The Stash debit card earns fractional shares as rewards, but balances don’t earn interest.

  • Lemonade life insurance review

    This fintech just branched out into low-cost life insurance — but its lineup is limited.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site