What does a child rider provide in a life insurance policy?

A child rider is a provision added to a life insurance policy that provides coverage specifically for the insured’s children, typically at a lower premium than what would be charged for separate policies. This rider allows parents to insure their children's lives without the need to go through an extensive underwriting process.

The benefit of this rider is not only that it covers the dependent children but also that it does so in a cost-effective manner compared to standalone policies. This makes it an appealing choice for parents looking to secure a financial safety net for their children.

While the other choices touch on aspects that may be related to life insurance policies generally, they do not accurately define the primary function of a child rider. The rider specifically addresses the unique need for children's coverage and focuses on affordability, which distinguishes it from alternative coverage options.