Which rider provides coverage for a child's life insurance under a parent’s policy?

The Child Rider offers coverage for a child's life insurance under a parent's policy by providing a death benefit in the event that the insured child passes away. This rider is specifically designed to cover children, often allowing them to be insured at a lower premium than would be typical for a stand-alone policy. The coverage can extend not just to biological children but also to stepchildren and adopted children in many cases.

Incorporating this rider enhances the parent's life insurance policy, as it provides financial security and peace of mind regarding the unintended loss of a child. The coverage generally remains active until the child reaches a certain age, often between 18 to 25 years, after which they usually have the option to convert the child rider into a permanent policy.

This rider is distinct from other options listed, such as the Accelerated Benefit Rider, which enables the insured to access benefits early in the event of a terminal illness, and the Family Term Rider, which might cover family members, but not specifically children's life insurance. The Newborn Rider typically offers coverage for a newborn immediately upon birth, but it does not encompass more comprehensive life insurance coverage for children as the Child Rider does.