Gerber’s Guaranteed Life Plan is a whole life insurance policy with $5,000 to $25,000 in coverage available. Because of the lower coverage amount, this policy is primarily helpful for covering ...

Life insurance can cover the diverse needs of different family members. While working parents are clear candidates for life insurance, others like retirees and stay-at-home spouses could benefit too.

Compare the best children’s life insurance companies. We evaluated costs, coverage, customer satisfaction, and more. Expert-rated picks include Nationwide, Penn Mutual, and Protective Life.

Weisbart said a $5,000 to $10,000 policy is common, amounts that would help parents pay for a funeral. Child policies are a small slice of the overall life insurance market.