ipro logo
insurance-pro-logo
  • Salud y Vida
  • Products
    • Medicare
      • What Are the Parts of Medicare?
      • Is a Medicare Advantage Plan Right for You?
      • Medicare Advantage Enrollment Growth
      • How to Get Medicare and Medicaid in Florida?
    • Obamare – Affordable Care Act (ACA)
      • Special Enrollment Periods (SEP) for ACA
      • Obamacare Application Checklist
    • Life Insurance
      • Term Life Insurance
      • Whole Life Insurance
    • Annuities
    • Final Expense
    • Health Insurance
    • Dental Insurance
  • About Us
    • Our Team
      • Juan Carlos Doitteau
      • Adlyn Milena Lugo-Doitteau
      • Jamillah Jenkins
      • Christian Vicenty Doitteau, MBA
      • Andria Cabrera
      • Nelly Torres
      • Vanessa Scott
      • Luz “Angela” Cespedes
    • Our Insurance Agency
    • Locations We Serve
    • ACCESS Florida Certified Community Partner
    • Careers
  • Agents
    • Careers
    • IPro Desk
    • Insurance Pro Provides Ongoing Training to its Insurance Agents
    • 5 Tips for New Life Insurance Agents
  • Resources
    • The “IPro Corner” Blog
    • Infographics
    • Life Insurance Calculator
    • Health Insurance Application Checklist
    • Terms and Definitions
    • Insurance Graphs & Flyers
    • Google Local Posts
  • FAQ’s
  • Contact Us
    • Get Pre-Qualified Today
    • Refer A Friend
  • 407.847.7000
insurance-pro-logo
  • Salud y Vida
  • Products
    • Medicare
      • What Are the Parts of Medicare?
      • Is a Medicare Advantage Plan Right for You?
      • Medicare Advantage Enrollment Growth
      • How to Get Medicare and Medicaid in Florida?
    • Obamare – Affordable Care Act (ACA)
      • Special Enrollment Periods (SEP) for ACA
      • Obamacare Application Checklist
    • Life Insurance
      • Term Life Insurance
      • Whole Life Insurance
    • Annuities
    • Final Expense
    • Health Insurance
    • Dental Insurance
  • About Us
    • Our Team
      • Juan Carlos Doitteau
      • Adlyn Milena Lugo-Doitteau
      • Jamillah Jenkins
      • Christian Vicenty Doitteau, MBA
      • Andria Cabrera
      • Nelly Torres
      • Vanessa Scott
      • Luz “Angela” Cespedes
    • Our Insurance Agency
    • Locations We Serve
    • ACCESS Florida Certified Community Partner
    • Careers
  • Agents
    • Careers
    • IPro Desk
    • Insurance Pro Provides Ongoing Training to its Insurance Agents
    • 5 Tips for New Life Insurance Agents
  • Resources
    • The “IPro Corner” Blog
    • Infographics
    • Life Insurance Calculator
    • Health Insurance Application Checklist
    • Terms and Definitions
    • Insurance Graphs & Flyers
    • Google Local Posts
  • FAQ’s
  • Contact Us
    • Get Pre-Qualified Today
    • Refer A Friend
  • 407.847.7000

ENG ESP
  • Get In Touch
    • 407.847.7000
    • 1.866.737.0007
CONTACT US
Home » The "IPro Corner" Blog » Can I Skip Buying Life Insurance Once My Children Are Self-Supporting?
Can I Skip Buying Life Insurance Once My Children Are Self-Supporting?

Can I Skip Buying Life Insurance Once My Children Are Self-Supporting?

Typically, you can buy life insurance for a child who is age 17 or younger.

But what happens when you child or children turn 18 years of age? And what happens when they are self-supporting no longer dependent on their parents?

People with children are strongly recommended to have life insurance so that the needs of the child and remaining living spouse can be taken care of. Furthermore, the need to have a life insurance doesn’t actually end when your children grow up, as many may suggest. Keeping life insurance (either term insurance or whole life policy) is a good idea:

  • to build a nest egg,
  • to ensure coverage as an adult, or to provide for end-of-life expenses should the child die unexpectedly, or
  • to provide for end-of-life expenses should the child die unexpectedly.

“There are many reasons parents with children might want to continue having life insurance after their dependent children become independent. Couples that have built a life together, for instance, should have life insurance in case one of them passes away so that the other can maintain the same quality of life without incurring a burden on their independent children,” said Juan Carlos “JC” Doitteau, President at Insurance Pro.

Parent Owners Can Transfer Ownership (if they decide to do so)

Although there are a few companies that offer products that do become the child’s asset at age 21, most policies bought on children do not automatically transfer ownership.

In the case of a child’s whole life insurance policy, however, when the adult child grows up and has a family of their own, this small whole life insurance policy purchased on them when they were young has accumulated cash value. These funds can be accessed through policy loans and withdrawal or surrenders.

Some benefits of buying children’s whole life insurance include:

  • Locking in a low premium
  • Guaranteeing life insurance coverage for the child no matter what health issues may occur
  • Option to purchase more coverage later in the child’s life
  • Accumulating cash value that grows with the child

View this post on Instagram

A post shared by Insurance Pro Florida (@insuranceprofl)

Types of policies:

Whole Life Insurance

  • Permanent coverage
  • Accumulate “Cash Value” fly in cash.
  • You can get money in life benefits if you suffer from a chronic, critical or terminal condition.

Term Life Insurance

  • Coverage for a certain time. For example at 10, 15, 20, 25 or 30 years.
  • You can get money in life benefits if you suffer from a chronic, critical or terminal condition.
  • Once the policy expires, it can be renewed for another term or converted to permanent Insurance.
  • Does not accumulate “Cash Value”

Read also: Frequently Asked Questions on Life Insurance.

Learn about this and other fringe benefits by contacting Insurance Pro experts.

Share

CONTACT US

Are you interested in learning about some type of insurance?

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Our Location

1112 N. John Young Pkwy Kissimmee,
FL 34741

DIRECTIONS

Hours Of Operation

Mon to Fri - 9:30 AM to 5:00 PM
Sat and Sun - by Appointment only

  • Facebook
  • YouTube
  • Instagram
  • TikTok

About Us

Insurance Pro combines more than 12 years of experience in Florida’s insurance industry.

LEARN MORE

Get In Touch

407.847.7000
1.866.737.0007

CONTACT US

Insurance Agents

Contact us today to become part of the Insurance Pro Team of Experts!

CONTACT US

Privacy Policy -Copyright © 2025 - Help with Obamacare

Insurance Pro provides services for every resident living in the state of Florida, including Orlando, Kissimmee, Poinciana, Celebration, Saint Cloud, among others.