Parents reap secret child life insurance rider benefits

Real-World Examples and Statistics

According to industry data, around 70% of life insurance policies offer the option to add a child rider¹. This widespread availability highlights the popularity and perceived value of these riders among policyholders. Furthermore, studies show that families who have experienced the loss of a child find significant relief in having financial support during such a difficult time².

In practical terms, a typical child rider might provide a death benefit ranging from $5,000 to $25,000, depending on the insurer and the policyholder's preferences³. This amount can cover funeral costs and other related expenses, which can otherwise be a significant financial burden.