Also known as a “child protection rider,” this pays out a death benefit if your child dies. This rider usually costs less than an additional $10 a month, and covers multiple children. Typically, you can add a child rider to your policy from the time your little one is two weeks old to age 18. Coverage usually ends when the child turns 25 or gets married. At that point, the rider can be converted to a permanent policy — which is particularly useful if the child has a medical condition that might otherwise disqualify them for coverage.