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From the time your kids are born, you teach them basic life skills—how to walk, how to ride a bike, how to drive, how to cook, etc. You will probably also teach them about finances—saving money, budgeting and the importance of life insurance. Your kids pay attention to what you do, and if you save money for their college education and your retirement, you're setting a great example for them. Another great example is setting them up for affordable life insurance.
Many parents and grandparents are drawn to our Junior Special life insurance policy because of its conversion option. This option allows the policy owner to convert the policy to a Whole Life or Universal Life policy before the expiration date--without evidence of insurability. This means at age 25 to the policy's expiration date, if your child develops an illness that would make it difficult for them to get life insurance later, they won't have to worry—the Junior Special can still be converted, regardless of any medical conditions they may develop.
Coverage for a Junior Special ranges from $5,000 to $20,000, and Shelter has affordable premiums. Check out the chart below for premium and coverage options:
|
Initial Amount of Insurance |
One-Time Payment |
12 Monthly Payments |
4 Quarterly Payments |
2 Semi-Annual Payments |
|---|---|---|---|---|
|
$5,000 |
$240.00 |
$20.40 |
$63.00 |
$123.60 |
|
$10,000 |
$345.00 |
$29.33 |
$90.56 |
$177.68 |
|
$15,000 |
$450.00 |
$38.25 |
$118.13 |
$231.75 |
|
$20,000 |
$555.00 |
$47.18 |
$145.69 |
$285.83 |
To learn more about this policy or other life insurance options we offer, contact a Shelter agent near you.
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Make Life Changes
Learn MoreWhether it is for your home, life, auto or any other policy, it's important to update your coverage when things change.
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Find an Agent
Learn MoreShelter has agents in 15 states who specialize in all of our products – find one near you.
Shelter Life Insurance Company, Columbia, Missouri
Junior Life Policy Form #ICC17-1. Available in all 15 of our operating states.
The product information contained on this website is informational only and not a statement of contract. All coverage options are subject to the provisions of the policy purchased and details of the policyholder's situation.