Children's Insurance Policies in Chattanooga, TN

Many parents are surprised to learn how much insurance is available for their children, coverage that can protect their health today and lock in insurability for the years ahead.

Children's life insurance

Life insurance policies for children are usually whole life policies that provide lifelong coverage as long as you pay the premiums. Those premiums are guaranteed not to increase, and a portion goes toward building cash value that can be accessed while your child is alive for any reason. Coverage can be purchased as a standalone whole life policy or added as a rider to a parent’s term or permanent policy.

Children's life insurance typically lasts until at least age 18 and may continue to age 25, depending on the carrier and policy. Some policies include a guaranteed insurability rider, which lets additional coverage be added later regardless of the child’s health. Most companies transfer ownership of a whole life policy to the child at 18 or 21.

Children's health insurance

Health insurance plans covering children only can be found on private and public health insurance exchanges. Under the Affordable Care Act (ACA), qualified plans sold on the public marketplace must offer an equivalent plan for children under 18, and insurers must offer continuous coverage regardless of pre-existing conditions, and they cannot deny, discontinue, or charge more for a child’s coverage. The ACA also requires individual and group plans to cover dependent children up to age 26.

Finding affordable insurance for children means balancing your financial needs with your family’s need for healthcare and future insurability. Tanya Garza Insurance Advisors takes the guesswork out of the search. Contact us to learn more about your options.