IE Staff
PolicyAdvisor.com has added children’s life insurance to the offerings on its platform, the online broker said in a release on Thursday.
The company offers online quotes and comparisons for children’s whole life insurance in three coverage amounts — $50,000, $100,000 and $250,000. For other coverage amounts, PolicyAdvisor’s licensed advisors can customize quotes, the release said.
Whole life insurance accrues a cash value that can be used for a major expense for the child.
“Children’s insurance encompasses much more than the initial coverage benefit,” said Jiten Puri, PolicyAdvisor.com CEO, in the release.
“It allows a parent or grandparent to give the gift of guaranteed future insurability as also access to a financial asset they can put towards education costs, a first car, travel or downpayment on a first home.”