Child Applications

Children Policies

•      A $100.00 premium can buy a child a nice policy

•      Amounts exceeding $100.00 premium must be scrutinized

•      Remember life insurance is meant to provide a death benefit to a beneficiary in the event of an untimely death; it cannot create an economic wind-fall.

•      National Life Group will consider an ultimate total line on a juvenile or college dependent student of $1,000,000, providing the state of execution does not have face amount limits. The reason NLG (and many other reputable life insurance carriers) limit the death benefit on a juvenile, is because there is no economic loss suffered at the event of death.

The only time NLG would consider more, is if the parents are ultra-wealthy. Net worth in excess of $10,000,000. This would also be on a case-by-case basis and would require a call ahead of time to be vetted.