A family setting around a table with a juvenile in an adults lap.
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Plan for the next generation with juvenile FIUL insurance

At F&G, we’re proud to assist in the multi-generational planning for families by providing a fixed indexed universal life (FIUL) solution on a juvenile insured (age 15 days to 17 years).

Juvenile insurance is frequently sold as part of a combined financial plan of savings and insurance. Insurance is purchased on the lives of dependent children in anticipation of future insurance needs, which could include savings, education planning and/or protecting their future insurability.

Juvenile insurance is one part of an overall family insurance plan that provides coverage for the parents and siblings.

Provide decades of flexibility

No matter what the future brings, juvenile FIUL insurance can provide flexibility to help prepare for different life stages.

In childhood, parents or care givers can start this funding as an easy way to help establish a financial foundation for the child’s future.

As the child grows into young adulthood, the FIUL policy could build a cash value that could be used for educational planning or funding.

When the child enters adulthood, they gain ownership of their policy and start to take more control of their financial future.

Finally, when they enter retirement, they can know they’re protected by the coverage their parent provided, and their cash values can be used for their retirement needs, like predictable income. 

Know what to expect from a juvenile FIUL

Juvenile FIUL solutions can provide the following:

  • Flexible premiums and adjustable death benefit amounts
  • Cash value accumulation linked to index crediting
  • Competitive rates that are generally lower for children than adults
  • Can remain inforce regardless of changes in health or occupation, as long as sufficient premiums are paid when due
  • Option for children to assume full ownership of their policies when they’re old enough
  • Two plan design options:
    • Option A — Offers a level death benefit and builds cash value
    • Option B — Offers a death benefit that increases as the policy cash value increases

When it comes to the death benefit, juveniles can have up to 50% of the combined coverage amount that their parents have, up to a maximum of $1,000,000 per primary insured. Individual consideration is the basis for amounts over the maximum. Also, all siblings should be covered for similar amounts. 

Juvenile premiums can vary in range and can be customized to fit almost any family’s budget and planning needs. The cash value in an insurance policy is tax-deferred, which creates a lifetime savings opportunity that could be used for life needs, such as paying for college or supplementing retirement income.

Finally, a juvenile FIUL policy requires an “insurable interest” between the juvenile and the owner or beneficiary (e.g., parents, grandparents). All juvenile life insurance policies will be written without the need for a medical exam through our exam-free underwriting1 program.


Keep learning about FIULs and how they can fit into your multi-generational planning.

“F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

For applicants who are not U.S. citizens or not permanent resident cardholders, the maximum issue face amount for exam-free underwriting is $300,000. In Puerto Rico, exam-free underwriting is available for applicants age 0-45 who are applying for less than $150,000.

Policies issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

Guarantees are based on the claims paying ability of the issuing insurer, Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

Issuance may be dependent on answers to the health questions on the application.

Subject to state availability. Restrictions may apply.

Optional provisions and riders have limitations, restrictions and additional charges.

Please review the policy for premium details. If premiums are not paid, as scheduled, your policy may terminate or may increase the likelihood that the surrender value will be insufficient to cover the monthly mortality costs and expense charges unless additional premium is paid.  

Information provided regarding tax or estate planning should not be considered tax or legal advice. Consult your own tax professional or attorney regarding your unique situation.

No bank guarantee. Not FDIC/NCUA/NCUSIF insured. May lose value if surrendered early.