Juvenile Term Life to Age 25
This policy covers a child until his or her 25th birthday. At that time, it is guaranteed convertible to a Whole Life policy or to a new Term policy. This means that during the conversion period, your child may exchange policy for a new one, without either evidence of insurability or proof of good health. The premiums for the new policy will be based on the premium rate and your age at the time of conversion.
You will receive a specified death benefit for the length of the policy, however, unlike with a whole life policy, it will not accumulate cash value.