Life Insurance for Children - Single Payment
Life insurance for children has become a trending topic for many families. So whether you worry about your child’s future insurability or want to make a good investment with a federal child benefit, a child’s life insurance plan could be a good idea.
The main benefit of purchasing life insurance for kids is that it’s cheap. The younger the child, the smaller the premium, while the coverage remains intact throughout the insured’s life.
Benefits of Life Insurance for children
Permanent Protection for a very low cost
Completely paid up with one low premium
Cash Value grows as long as policy valid
Benefit that your child can use in the future
This life insurance plan is very cost efficient because it is single pay, meaning the entire cost of the insurance is paid in full in one payment. With many families receiving a the federal benefit for the child, purchasing this type of coverage would be a wise way to spend that money.
At the office, we like to call this life Insurance plan for kids “One and Done Gift of Love” which is a Permanent (Whole) Life Insurance plan which provides no less than $10,000 in coverage.
Child life insurance can help secure your kids’ future insurability.
This plan offers a peace of mind knowing that your child can use the money in the future, while also being in charge of the policy, meaning they can choose their benefactor
- Lifetime Permanent Protection
- Fully paid up from the outset – no future premiums
- Enjoy the full scope of Whole Life Protection
- Significant Cash Value Savings for the future
- Cash value exceeds premium paid within a few years and continues to grow
- $10,000.00 or More Coverage for Less than $2000
- *Also qualifies policy holder for up to $5,000.00 in Providence scholarships.
*Must purchase at least $5,000 of coverage, to qualify for scholarship
ONE AND DONE: SINGLE PAY YOUTH LIFE PLAN
Use the rate table below to estimate the premium for a permanent life policy for your child.
| Age | Boys | Girls |
| Newborn | $1,294.30 | $1,183.70 |
| 1 | $1,320.60 | $1,205.70 |
| 2 | $1,348.60 | $1,229.60 |
| 3 | $1,377.90 | $1,254.80 |
| 4 | $1,408.30 | $1,281.10 |
| 5 | $1,440.10 | $1,308.40 |
| 6 | $1,472.90 | $1,336.80 |
| 7 | $1,507.20 | $1,396.60 |
| 8 | $1,542.60 | $1,428.20 |
| 9 | $1,579.40 | $1,461.00 |
| 10 | $1,617.50 | $1,494.90 |
| 11 | $1,657.10 | $1,530.00 |
| 12 | $1,698.00 | $1,566.60 |
| 13 | $1,740.10 | $1,604.40 |
| 14 | $1,783.30 | $1,643.20 |
| 15 | $1,827.40 | $1,682.80 |
| 16 | $1,872.00 | $1,723.10 |
| 17 | $1,917.00 | $1,750.30 |
Or Mail it to:
Providence Association
817 North Franklin Street
Philadelphia, PA 19123-2004
Depending upon your family budget, you are free to select more or less than $10,000 in coverage. Rates for older ages other face values are also quite economical. Contact us for additional rates.