"Use Zander's online quoting system to search for the most competitive term life insurance plans available. Remember most people with families need 10 times their income in coverage and I recommend 15, 20 or 30 year guaranteed level plans depending on your age. Stay away from Cash Value or Return of Premium plans that waste your money. Zander only deals with top notch insurance companies and has great rates... even for those with pre-existing conditions. Call them at 800.356.4282 with any questions. They are there to help."
- DAVE RAMSEY

Term Life Insurance: Child Riders

Most companies offer insurance for children as a rider to their parent's policy. The requested amount is added to the parent's policy premium each year. The rates for the companies offering this coverage are detailed below. The "Cost/Unit" column illustrates the cost per thousand per year for the coverage while the "# Units Available" lists the minimum and maximum coverage values available.

Generally, the coverage provided is to all dependent children in your household, ranging in age from 6 months to 21 (there are some specific company details). If you request 10 units = $10,000 and the charge per thousand is $6.50, then the annual premium will be $65.00 per year, regardless of the number of children in your household. Please don't hesitate to contact us with any questions you may have.

  Cost/Unit # Units Available Insured Issue Age Child Issue Age Insured Expiry Age Child Expiry Age
American General Life Ins. Co. $5.00/$1000 1-25 20-50 15 days to 18 yrs 65 25
Assurity Life Ins. Co N/A N/A N/A N/A N/A N/A
Banner Life Ins. Co. N/A N/A N/A N/A N/A N/A
Genworth Life Ins. Co/ Genworth Life Ins. of NY $5.50/$1,000 1-10 18-55 15 days to 23 yrs 65 25
Midland National Life Ins. Co. $6.00/$1000 5-25 18-55 15 days to 19 yrs 65 23
North American Co. for Life and Health $6.00/$1000 5-25 18-55 15 days to 20 yrs 65 23
Protective Life Ins. Co. $4.50/$1000 1-20 18-64 15 days to 18 yrs 65 25
Pruco Life Ins. Co $5.15/$1000 10-20 18-55 14 days to 18 yrs 75 25
ReliaStar Life Ins. Co. $6.00/$1,000 2-10 18-60 15 days to 17 yrs 65 21
ReliaStar Life Ins. Co. of NY $6.00/$1,000 2-10 18-60 15 days to 17 yrs 65 25
Transamerica Life Ins. Co $5.83/$1000 1-20 18-55 15 days to 18 yrs 65 25
Savings Bank Life Insurance Company of Massachusetts $54.00 annually $10,000 Only 18-64 15 days to 22.5 yrs 65 25
Savings Bank Life Insurance Company of Massachusetts (Arkansas) $54.00 annually $10,000 Only 18-64 15 days to 16.5 yrs 65 25*
United of Omaha Life Ins. Co. 10.00/$1000 1-10 18-55 15 days to 20 yrs 65 23
United States Life Insurance in the State of New York $5.00/$1000- Insured’s age 20-50 1-25 20-50 15 days to 18 yrs 65 25
$7.50/$1000- Insured’s age 51-55 51-55
William Penn (NY) N/A N/A N/A N/A N/A N/A

These rates are an indication of cost and are subject to change.
Last Update 3/6/13
* Arkansas expires at age 23.

Call us with any questions you may have.

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PO Box 50559 Nashville, TN 37205 | P: 800-356-4282 | F: 615-352-2850

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