Junior Estate Builder
Care for the children you love by insuring their future
Give the priceless gift of protection with child life insurance. HumanaOne’s Junior Estate Builder is a term life insurance policy that offers protection until age 25 and then converts to a whole life insurance policy for lifetime coverage.
Why choose Junior Estate Builder?
This child life insurance plan is extremely affordable and easy to choose:
Affordability – You can select $15,000 of term life insurance for $35 per year, or $20,000 of term life insurance for $45 per year. That’s just pennies a day!
No-risk, no hassles – There’s no medical exam, no doctor’s office visit, and no lengthy phone interview required. Plus you can return the child life insurance policy within 30 days for a full refund.
Flexibility – Once the policy is converted to whole life coverage, the policyholder can choose to increase coverage at ages 25, 28, and 31. That means today’s $20,000 policy could grow into a total of $80,000 – with NO medical exams!
How Junior Estate Builder works
This child life insurance protects your child or grandchild, now and in the future, by establishing financial security that lasts a lifetime.
- You’ll start out with the protection of term life insurance with low premiums
- At age 25, the policy automatically converts to a whole life policy
- The whole life policy builds cash value with the option to increase coverage
Coverage that can last a lifetime
If you want to help offer financial security for your grandchildren or children, life insurance is a great place to start. This policy is term insurance until age 25 and has no cash value. When the policy becomes a whole life policy, it begins to build value. For more details about whole life insurance, see our Frequently Asked Questions.
Details about conversion
The policyholder can elect to increase their coverage by $15,000 or $20,000 at the age of 25 – and by the same amount at 28 and 31 – regardless of health status. Rates will be based on whole life product availability and established rates at the time the increase option is exercised. Once converted to a whole life policy at age 25, the new whole life premiums will remain level for the life of the policy unless benefit amounts are increased.
Coverage options for Junior Estate Builder
|Plan One||Plan Two – BEST VALUE!|
|Plan Option Coverage Amount||$15,000 coverage||$20,000 coverage|
|Locked-in Annual Premium||Only $35 / year||Only $45 / year|
What is whole life insurance
Unlike term life insurance, whole life insurance has a cash value. This cash value is guaranteed for life. Here are some examples of the how the policy’s accumulated cash value can be used:
- Withdrawn (if you cancel the policy)
- Annuitized and paid out as a monthly income (if you cancel the policy)
- Borrowed against as a loan
- Used to purchase extended term or reduced paid-up insurance
On your application, answer just a few health questions about the child or children you want to cover. We don’t require a medical exam, doctor’s office visit, or lengthy phone interview.
This life insurance for children is available for individuals from the ages of 0 to 24.
Parents (natural and step), grandparents, great-grandparents, and legal guardians. Note: aunts and uncles aren’t considered as having an insurable interest for nieces and nephews. Aunts and uncles can apply for nieces and nephews only if they have legal guardianship of the child.
Yes, as long as we offer this plan in the grandchild’s state. In addition, if the plan is sold by an agent, the agent will need to be licensed in the state where the application is completed and where the proposed insured lives.
Yes. There is no job- or military-related exclusion for the product.
Yes. Our life insurance for children is available only to U.S. citizens and resident legal aliens.
If you submit the premium with your application, conditional coverage begins on the date of the application. Otherwise, coverage begins on the effective date of the policy. For an application to be considered in-force, the premium must be submitted with the application.