A term used to refer to a policy written on a child, typically in units of $1,000. If the child turns 21, the value of the policy is automatically increased without any extra proof of insurability, such as a medical examination, required.
The Rantings of the barely human.
A term used to refer to a policy written on a child, typically in units of $1,000. If the child turns 21, the value of the policy is automatically increased without any extra proof of insurability, such as a medical examination, required.