(Form No. R I1706)
The Children’s Term Insurance Rider provides level-term insurance to age 25 on the insured’s children listed on the original application and children born to or adopted by the insured while the policy and this rider are in force.
Availability: Available at or after time of application to the base policy insured to cover all dependent children with one rider; also available if the base policy insured currently has no children.
A dependent child is any natural child, step child or adopted child named in the application who is (a) unmarried, (b) of appropriate age and (c) financially dependent on the base policy’s insured person. A child born to or adopted by the insured while this rider is in force becomes insured at 15 days of age or on the date of adoption, if later.
Issue Ages: Parent - 18 through 55, children - 15 days through 17 years; age last birthday as of issue date
Termination Age: Each child’s age 25
Face Amounts: One unit through 25 units but not exceeding one unit per each $1,000 of base policy face amount; each unit equals $1,000 face amount
Issue Limitations: Only available on base policies issued through Table 4 (200 percent). The rider itself cannot be rated.
Conversion Option: When this rider’s coverage terminates for an insured child, such insured child can purchase a new policy up to five times the face amount. Coverage for an insured child will terminate when they no longer meet the definition of dependent child, or on the rider termination date, if sooner. If conversion is requested prior to the termination date of an insured child’s coverage, the amount converted cannot be more than the face amount.