Child life insurance could pay out if your child dies or is diagnosed with a serious illness or condition during the term of a policy.

You can add cover for your children with any of the life insurance policies in this comparison, and get critical illness cover for them too.

To find the best policy, think about:

  • Who you want to cover: You can either get cover for yourself, or for you and your partner. You can then add any children you have to your policy.

  • How much of a payout you want: You get two payouts with a child life insurance policy: a single payout for you, or you and your partner, and a payout for each child.

  • How long you want the policy to last: Your options may vary depending on the insurer you choose, and the older you get the more limited your term options will be.

  • If your child is eligible for cover: Most policies have age restrictions that mean they have to be under a certain age to get added to your policy, like 21 years and under.

What are the alternatives?

  • If your child is too old to be added to your policy, they could get their own. The younger a person is when they apply for life insurance, the cheaper a policy tends to be.

  • If you only want your child to get a payout if you die, they do not need their own policy. If you want the money to go to your child directly, you can set up your policy in trust so they get it when they are old enough.

  • If you want an income paid out to support your children when you die, some insurers offer a family income benefit. This could help support your family with their monthly outgoings, like rent and groceries.

Child life insurance FAQs

Q

Can I cover more than one child with child life insurance?

A

Yes, the insurers in this comparison offer policies that pay out a lump sum for each child. Check with each insurer for any cover exclusions before you apply.

Q

Does child life insurance pay out more than once?

A

Yes, for your child and for you, or you and a partner. Each insurer sets a payout for a child, which is usually smaller than the policy payout amount.

Q

How much does child life insurance cost?

A

The price is based on your age, how much cover you want, how long you want it for, and your medical history. Here is how to cut the cost of life insurance.

Q

Is child life insurance guaranteed to pay out?

A

Only if the cause of death is covered in your policy, and is during the term of the policy. Here is more on how life insurance works.

Q

Can I still get life insurance if I have poor health?

A

You may find it harder to get cover if you have any health issues. Get as many quotes as you can until you get accepted for the cover you want.

Q

Can I have more than one life insurance policy?

A

Yes, but you may find it cheaper to have one policy that gives you the exact cover you need. Use this comparison to get quotes to find the best price.

About our child life insurance comparison

Q

Who do we include in this comparison?

A

We include life insurance from our panel of insurers that offer critical illness cover for children. They are regulated by the Financial Conduct Authority (FCA).

Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.