How to Buy a Life Insurance Policy on Your Son: The Complete Parent’s Guide
Last Updated: February 21, 2026 | Written by President of Term Life Online – AU, AAI, ARM
If something unexpected happened to your son, would you be financially and emotionally prepared?
No parent wants to think about that possibility. But life insurance on your son can provide critical financial protection, lock in lifelong insurability, and even build future value he can use as an adult.
This guide will walk you step-by-step through exactly how to buy a life insurance policy on your son, what options are available, and how to secure the best coverage starting today.
Why Parents Buy Life Insurance on Their Son
Many parents are surprised to learn they can legally and easily purchase life insurance on their child. In fact, it’s one of the smartest financial moves you can make early.
Here’s why:
1. Cover Funeral and Unexpected Expenses
Even though it’s difficult to imagine, funeral and related costs can create a financial burden. Life insurance ensures your family isn’t forced to struggle financially during an emotional time.
2. Guarantee His Future Insurability
This is one of the biggest advantages.
If your son develops health issues later in life, getting approved for life insurance could be difficult or expensive.
Buying a policy now:
- Locks in eligibility
- Protects his insurability for life
- Avoids future health-related denials
3. Lock In Extremely Low Rates for Life
Children qualify for the lowest possible life insurance rates.
Once locked in, those rates never increase.
4. Build Cash Value He Can Use Later
Permanent life insurance policies build cash value over time that your son can use for:
- College expenses
- Buying a home
- Starting a business
- Emergencies
Can You Legally Buy Life Insurance on Your Son?
Yes. Parents have what’s called insurable interest, which means you would suffer emotional and financial loss if your child passed away.
Because of this, insurance companies allow parents or legal guardians to purchase policies on their children.
You will:
- Own the policy
- Control the coverage
- Choose the beneficiary
Later, ownership can be transferred to your son.
Step-by-Step: How to Buy a Life Insurance Policy on Your Son
Here’s exactly how the process works:
Step 1: Decide How Much Coverage to Buy
Most parents choose coverage amounts designed to:
- Cover funeral costs
- Provide financial protection
- Create future financial value
Common coverage ranges include:
- Starter coverage for basic protection
- Moderate coverage for protection plus savings
- Higher coverage for long-term financial planning
A licensed agent can help you choose the right amount.
👉 Request a free life insurance quote now for your son.
Step 2: Choose the Right Type of Policy
There are two main types of life insurance for children:
Whole Life Insurance (Most Popular Choice)
This is typically the best option for children.
Benefits include:
- Lifetime coverage
- Fixed premiums that never increase
- Builds cash value
- Guaranteed approval in many cases
- Can transfer ownership later
- Start Your Free Quote
Term Life Insurance
Term life insurance provides coverage for a limited time.
However, it’s less common for children because it:
- Doesn’t build cash value
- Eventually expires
Most parents choose whole life for long-term protection.
Step 3: Compare Insurance Companies
Not all companies offer the same benefits.
The best insurers offer:
- Fast approval
- No medical exam options
- Low fixed premiums
- Strong financial ratings
Step 4: Complete the Application
The application process is simple.
You’ll typically provide:
- Your son’s name and date of birth
- Basic health information
- Your information as the parent/owner
Many policies require:
- No medical exam
- No blood tests
- No doctor visit
Approval can happen quickly.
Step 5: Activate the Policy
Once approved:
- You’ll make the first payment
- Coverage begins immediately
- Your son is fully protected
It’s that simple.
When Is the Best Time to Buy Life Insurance on Your Son?
The best time is as early as possible.
Younger age means:
- Lower premiums
- Easier approval
- Maximum long-term value
Waiting can mean:
- Higher costs
- Health risks
- Lost eligibility
How Much Does Life Insurance on a Child Cost?
Most parents are surprised at how affordable coverage is.
Monthly premiums are typically very low when coverage starts early.
Factors that affect cost include:
- Age
- Gender
- Coverage amount
- Policy type
- Insurance company
The younger your son is, the lower the cost.
Can Your Son Take Over the Policy Later?
Yes.
This is one of the biggest benefits.
When he becomes an adult, you can transfer ownership to him.
He keeps:
- The same low rate
- The same coverage
- The accumulated cash value
This gives him a major financial head start.
What Happens If You Wait Too Long?
Waiting can lead to:
- Higher premiums
- Health complications affecting approval
- Lost insurability
Buying now protects his future.
Is Life Insurance on Your Son Worth It?
For many families, the answer is yes.
It provides:
- Financial protection
- Long-term security
- Future financial flexibility
- Peace of mind
And it’s far more affordable than most people expect.
How to Get the Best Life Insurance Policy on Your Son Today
The most important step is comparing quotes from top insurers.
This ensures you get:
- The lowest premium
- The best coverage
- Fast approval
👉 Click here now to request your free life insurance quote and protect your son’s future today.
It only takes a few minutes — and the benefits can last a lifetime.
Final Thoughts
Buying life insurance on your son isn’t just about protection today.
It’s about securing his financial future, guaranteeing his insurability, and giving him opportunities later in life.
The earlier you start, the greater the benefits.
Don’t wait. Request your free quote now and lock in lifelong protection.
Child Life Insurance Quotes
Top Pick – Globe Life Insurance
Get FREE Information On How $1* Can Buy Up To $100,000 Globe Life Insurance For Adults Or Children
- $1* for the first month starts your child's policy today.
- Up to $30,000 of coverage for children.
- Create a financial foundation for your child's future.
- Carry their life insurance policy into adulthood.
- No-Risk, 30-Day Money-Back Guarantee.
- No Medical Exam – Simple Application.
- No Waiting Period. Buy Direct.
- Rates As Low As $3.49 per month.
- The Globe Life family of companies has nearly 17 million policies in force.
- No Phone Required. No Credit Required.
- The Globe Life family of companies has over $224 billion of coverage in force.
- Globe Life is rated A (Excellent) by A.M. Best Company as of August 2023.
With roots going back to 1900, Globe Life has been protecting American families for generations.
Resources:
- The Pros and Cons of Child Life Insurance Plans
- FAQs About Child Life Insurance
- The Benefits of Child Life Insurance Plans
- How to Buy a Life Insurance Policy on Your Daughter
- A.M. Best Company: Compare financial strength ratings of life insurance companies
- Life Happens.org: Learn about life insurance and review facts.
About Our Methodology
Reviewed By: President of Term Life Online – AU, AAI, ARM
- 30+ years of experience in insurance planning
How We Keep This Guide Accurate: We regularly updates our content to reflect the latest rates and industry trends. We are committed to providing transparent, unbiased information to help you make the best decision for your family.
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Disclaimer: This is for informational purposes only. Consult a licensed professional for advice.
Disclaimer: This is for informational purposes only. Consult a licensed professional for advice.
Disclosure: Compensated Affiliate