What does Juvenile Life Insurance mean? Read on to discover the definition & meaning of the term Juvenile Life Insurance - to help you better understand the language used in insurance policies.
Juvenile Life Insurance
Juvenile life insurance is life insurance that insures children, typically under the age of 15. Juvenile life insurance is typically a permanent life insurance that has a savings component. So in addition to providing benefits which can be used to pay for burial and funeral expenses in the event of an unexpected death, juvenile life insurance can also be used as an investment vehicle.
We hope the you have a better understanding of the meaning of Juvenile Life Insurance.