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.