Child Life Insurance

Child life insurance is a life insurance policy written on the life of a minor and is usually purchased by a parent, guardian, or grandparent. In most cases, the goal isn’t just the death benefit, but long-term financial protection and planning for the child’s future.

These policies typically offer:

• A small, affordable death benefit that can help cover final expenses and related costs in the event of a tragedy.
• Guaranteed insurability, which can allow the child to purchase additional coverage later in life—often without having to go through a medical exam—even if their health changes.
• Locked-in rates, meaning the premium is usually set when the child is young and can remain level for the life of the policy.

Some child life insurance policies also include cash value that can grow over time. This cash value can sometimes be accessed or borrowed against later, depending on the policy’s terms, which may provide future financial flexibility.

For many families, child life insurance is a way to combine protection with long-term planning, helping ensure that a child can have life insurance coverage available as they grow into adulthood.

Erie Insurance has been providing the protection you need and the service you expect, all at a great price. See why more than 90% of customers stay with Erie Insurance year after year.