What occurs to a child's coverage under a children's term rider upon reaching the specified age?

In the context of a children's term rider, when a child reaches a specified age, the coverage typically ends. This rider is designed to provide life insurance coverage for children, often until they reach a certain age, which is commonly around 18 or 21, depending on the policy. Upon reaching this predetermined age, the policyholder has the option to convert this temporary or term coverage into a permanent policy.

This approach is beneficial because it allows parents to provide a safety net for their children during their formative years without committing to a permanent policy from the outset. The end of coverage at the specified age encourages a review of the family's insurance needs and ensures that coverage aligns with changing life circumstances.

While there may be options to convert the coverage or increase it, these actions typically come with their specific requirements or provisions laid out in the original policy contract. Thus, the correct response accurately reflects the typical outcome of the coverage under a children's term rider when the child reaches maturity.