American Income Life: Child Rider

 

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For fillable Forms and training materials visit this link


Relevant Background: Policyholders can can add a child rider to their existing policy for up to $10,000 for all their children with same premium. Not to mention, the child can convert this policy to a policy of their own (term or whole life) with five times the face amount (e.g.. $50,000) once they turn 21.
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Relevant Material: "About 3.7 out of 1 000 babies born in Canada will not live past their first birthday. Loss of an infant can have psychological impacts on parents and caregivers.

Leading causes of infant deaths:

  • Immaturity (not fully grown)
  • Structural or functional birth defects
  • Severe lack of oxygen
  • Infection
  • Sudden infant death syndrome

Risk factors of infant death include:

  • Low maternal education
  • Inadequate housing
  • Lack of access to health care
  • Food insecurity
  • Poverty
  • Unemployment

While the infant mortality rate in Canada has improved over the past few decades, this improvement is not equally distributed. Infant mortality is strongly associated with socioeconomic status in Canada.." (Infographic: Inequalities in infant mortality in Canada - Canada.ca)

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