Underwriting Guidelines for Insured Amount Under $500,000
- Parents or legal guardian should have a minimum of two times the face amount requested on the juvenile
- All siblings should have equal coverage
- Parents or guardians must always witness the applications and complete the non-medical declarations
- The owner of the policy must be the parent or legal guardian
- The owner and the juvenile must be residing in the U.S. permanently either as a U.S. citizen or a visa type that is not consider temporary or uninsurable based on our international underwriting guidelines
If the face amount is greater than $500,000, the underwriting guidelines tend to be more stringent, see our next blog post discussion.