4 Best Children’s Life Insurance Companies for December 2024

Why You Should Trust Us

Investopedia analyzed 45 life insurance companies using key criteria like financial stability, customer satisfaction, coverage options, and cost. Investopedia was founded in 1999. We’ve provided unbiased life insurance reviews since 2020. Our team of editors and researchers independently reviews all products and services. While we may earn compensation from links in our articles, this doesn’t affect how we evaluate products, though it may influence their order in listings. We’re dedicated to helping you find the best life insurance company for your needs.

How We Review the Best Life Insurance Companies for Children 

Investopedia’s list of the best life insurance companies for children is based on in-depth research into 45 insurers. We evaluated financial strength, customer complaints, policy options, digital tools, and more. 

To create our rankings, we combined the analysis of our editors and researchers, outreach to companies, and industry research. In March 2024, we surveyed 500 people who bought life insurance in the prior two years. Their responses helped shape our scoring system for our life insurance reviews.

We reviewed companies meeting our minimum standards for financial strength, customer satisfaction, and transparency, scoring them on 70 criteria. To score each company, we sorted these criteria into the most important categories for life insurance companies for children, and weighted them as follows:

• Policy Features and Riders: 80%
• Financial Stability: 10%
• Customer Satisfaction: 10%

For more information, read our full methodology explanation.