Children’s life insurance is an optional add-on to a parent or guardian’s policy that helps extend protection to your little ones. To get it, parents typically take out life insurance in their own name to safeguard the family financially if something happens to them, and add-on children’s cover for extra peace of mind.

Depending on your policy, this optional layer of cover will pay out if a child should pass away, or suffer a serious illness or life-changing injury. A lump sum payment could provide a financial cushion to help you through a difficult time.

Cover for your children can often be added when you arrange your own life insurance, or your own critical illness cover. If you already have a policy in place, your provider may let you add it on, provided it is something they offer. You can also have multiple children on your policy. In fact, at least one leading provider says that there is no limit to the number of children that can be covered.