Juvenile Life Insurance primarily serves which demographic?

Juvenile Life Insurance is designed specifically for children under the age of 18. This type of insurance helps cover the child's life from an early age, providing a death benefit in the unfortunate event of premature death and potentially accumulating cash value over time. Parents or guardians typically purchase these policies to secure the financial future of their child, providing not only peace of mind but also a foundation for future financial benefits. This can include college funding or other financial milestones as the child matures.

The other demographics mentioned, such as adults above 60, families with dependents, and unmarried individuals, do not specifically align with the target group for Juvenile Life Insurance, which is focused solely on children.