A child rider is an optional feature that you can add on to your own term or permanent life insurance policy. It will cover all current and future children in your household and is an affordable alternative to a separate policy. A child's life insurance policy is generally a type of policy that provides coverage for the child during childhood and young adulthood. Once your child is an adult, they can convert the policy into permanent insurance coverage for their entire life. If you believe you'd like the option of coverage throughout your child's life, you may want to talk to an agent about child life insurance policy options.