Children's riders attached to whole life policies are usually issued at what type of insurance?

Children's riders are typically associated with whole life policies because these riders provide coverage for children under a permanent insurance structure, which is characteristic of whole life insurance. Whole life policies offer lifelong coverage with fixed premiums and a cash value component, making them suitable for adding riders that extend benefits to dependents, such as children.

When a children's rider is attached to a whole life policy, it allows coverage for children under a single policy, which can later be converted into an individual whole life policy for the child when they reach a specific age. This is designed to provide financial protection and ensure insurability for the child.

In contrast, the other insurance types mentioned like universal life, term, and variable life typically do not offer the same framework for children's riders. Universal life policies, for instance, provide more flexibility in premium payments and death benefits, while term insurance offers coverage for a specific period without a cash value component, making it less adaptable for such riders. Variable life policies involve investment components tied to market performance, which adds a level of risk not present in the more stable environment of whole life policies.

Thus, the association of children's riders with whole life policies is based on their need for permanent coverage and the benefits that can be provided through that structure.