Should military families in Nevada get life insurance on their children?

Life insurance on children is a decision that military families approach differently than income-replacement coverage. Children typically have no income to replace, so the traditional income-replacement rationale does not apply. However, some families consider child life insurance for specific purposes.

FSGLI (Family SGLI) provides up to $10,000 in dependent child coverage at no additional cost to service members — this baseline coverage addresses final expense needs. Beyond FSGLI, some families add small whole life policies on children to: lock in future insurability regardless of health developments, accumulate modest cash value over time, and provide a convertible policy the child can increase in coverage at key life events without medical underwriting.

The primary argument for child life insurance is not financial protection in the traditional sense, but future insurability protection — particularly valuable if a child develops a chronic health condition that would affect their ability to get affordable coverage as an adult.

Military families should prioritize ensuring adequate coverage on the income-earning adults before considering supplemental policies on children. Agents in our network can outline the options and costs transparently.