Children's riders attached to whole life policies are usually issued as what type of insurance?

Children's riders attached to whole life policies are typically issued as term insurance. This is because the rider provides a specified amount of coverage for a limited period, usually until the child reaches a certain age. The primary purpose of this rider is to offer a death benefit to the policyholder in case of an unfortunate event affecting the child.

Term insurance is well-suited for this purpose since it is generally more affordable and provides coverage for a defined time frame, which aligns with the need to protect against risks that are more immediate during childhood. Additionally, once the child reaches adulthood, they often have the option to convert the term coverage to a permanent policy without requiring further proof of insurability. This flexibility and the temporary nature of the coverage make term insurance the method of choice for children's riders in whole life policies.