Junior Estate Builder

Answers to common questions about life insurance for children

These frequently asked questions apply to the Junior Estate Builder Plan only.

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  • Withdrawn (if you cancel the policy)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

Is there an underwriting process for Junior Estate Builder?

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.

Is there a minimum or maximum age for these plans?

This life insurance for children is available for individuals from the ages of 0 to 24.

Who can purchase this life insurance for children?

Parents (natural and step), grandparents, great-grandparents, and legal guardians. Note: aunts and uncles aren’t considered as having insurable interest for nieces and nephews. Aunts and uncles can apply for nieces and nephews only if they have legal guardianship of the child.

Can a grandparent living in one state buy Junior Estate Builder for grandchildren who live in another state?

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.

Can children in the military be covered?

Yes. There are no job- or military-related exclusions for the product.

Do the child and the person buying the policy have to be U.S. citizens or resident legal aliens?

Yes. Our life insurance for children is available only to U.S. citizens and resident legal aliens.

What is the waiting period?

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.

Get a Quote »

Junior Estate Builder is Kanawha Insurance Company policy Form 20305 1/88. Please see actual policy for complete details. Available for ages 0 - 24 years (nearest age).

Stephanie's Story

story image "Hugging my kids is the best part. Providing them with financial security is the most important part."

"My children are the greatest gift - and I give them plenty of gifts in return! But toys and clothes only last so long. That’s why I decided to buy them a gift that can last a lifetime: term life insurance that, when they get older, converts to a policy that builds cash value. It was so easy to apply. And the premiums are so affordable - just a few dollars a month!

"With this plan, I’m helping protect my kids as they take their first steps. But I’m also helping them get a head start in life."

Stephanie's story is a fictional example meant to illustrate the value of the Junior Estate Builder Plan. Actual premiums vary depending on the coverage amount selected.