Life Insurance Policies for Grandchildren
Oakleaf Advisors can help you think about one of the most meaningful gifts to pass down to your loved ones.
Give the Gift That Grows with Them
As grandparents, you want to leave more than memories. You want to leave security and opportunity. A life insurance policy for your grandchild is one of the most meaningful gifts you can give. It provides protection today and financial advantages that last a lifetime.
How It Works
You, the grandparent (or parent), are the policy owner and pay the premium. Your grandchild is the insured.
- Choose a coverage amount (often $10,000 to $50,000 for juvenile policies).
- The policy builds cash value over time.
- When the child becomes an adult, ownership can be transferred — giving them a financial foundation that continues to grow.
Common Uses of Cash Value Later in Life
- Education expenses
- Wedding or first home
- Emergency fund
- Future life insurance upgrades
4 Reasons to Consider a Policy for Your Grandchild
You can lock in low rates early.
Children qualify for the lowest possible premiums, and once locked in, those rates never increase.
You can guarantee their insurability.
Buying now helps ensure your grandchild will always have coverage, even if future health conditions develop.
Cash value will build over time.
Whole life policies accumulate guaranteed cash value that can be used later for college, a first car, or a down payment on a home.
You can leave a legacy of love & wisdom.
More than money, you leave a lasting reminder of your love and foresight. Many grandparents include a keepsake letter or photo with policy documents to make it extra special.