What is juvenile whole life insurance?
Juvenile whole life policies offer permanent protection by insuring the life of a minor or young adult to help build a strong financial foundation.
How do I know if my child is eligible?
Step one is completing an application on behalf of the child. When the insured is a minor, the policy is generally owned by the purchasing adult until the child reaches the age of majority. Our underwriters will review the child’s medical history to determine if the application is acceptable, and to identify risk classification. The premium amount will be determined in part by the amount of insurance coverage requested, the child’s age, gender and risk classification.
Why Bankers Life?
Simplified application process
Our knowledgeable insurance agents/producers sit down with you to understand your preferences and goals. They’ll provide you with simple, clear choices and help customize a policy that meets your individual financial needs.
With a history dating back to 1879, there are some things that never change. At Bankers Life, that means taking a personalized approach to help protect the individuals and families we serve. We focus on helping you improve upon your financial security, particularly as you enter and navigate retirement.
Service you can trust
Our goal is to provide excellent service to every policyholder and make your life easier when it comes to your claims. In 2022, Bankers Life paid life insurance claims to over 650,000 policyholders, totaling $260 million.
Bankers Life is accredited by the Better Business Bureau with an A+ rating as of March 2023, in addition to receiving an A (Excellent) rating by A.M. Best Company for our financial strength.