What Is Juvenile Whole Life Insurance? 
Juvenile Whole Life Insurance is permanent life insurance that is meant to be used as a tax advantaged savings vehicle for the child 's lifetime . Child riders provide a benefit if a child dies , and allow the child to convert it to Whole Life when they are adults . But Juvenile Whole Life starts accumulating cash value at a young age , with the emphasis more on using it for life , even though it also does pay a death benefit . 