What Is A Juvenile Life Insurance Policy? 
Juvenile life insurance is life insurance policies set up for minors under age 18 . Typically there is no medical exam requirement -LRB- the carrier would ask for a completed `` Part 2 '' instead - Part 2 is the health questions -RRB- . Many times parents set up small whole life insurance policies for them that feature a guaranteed insurability rider that allows them to increase the face amount by a certain amount every several years -LRB- typically beginning at age 25 - the increase is typically allowed to be done 8 times -RRB- with no new evidence of insurability . 