What advantage do child riders provide in life insurance?

Child riders provide a significant advantage by offering coverage for the insured's children at lower premiums. This is particularly beneficial for policyholders who want to ensure that their children have a financial safety net without incurring the high costs typically associated with individual life insurance policies. By adding a child rider to a primary life insurance policy, the insured can secure a death benefit for each child at an affordable rate, thus expanding their coverage without overly burdening their budget.

This approach continues to make financial sense for parents, as it allows for peace of mind concerning their children's future protection in case of unforeseen events. The cost-effectiveness of child riders is a compelling reason for their inclusion in life insurance policies.