Colorado Life Producer License Practice Test

What is the typical expiration age for a children’s term rider?

1. 18 years old

2. 21 years old

3. 25 years old

4. Age 30

The correct answer is: 18 years old

A children's term rider is a type of insurance policy feature that provides coverage for the insured's children for a specified term. Typically, the expiration age for this rider is set at 18 years. This age limit aligns with the general understanding of when children become legal adults and are no longer considered dependents. By having a children's term rider expire at 18, the policy reflects the assumption that children will have moved towards independence by this age, which is crucial for establishing a clear endpoint for coverage. Parents often select this option to ensure that their children are insured for a significant portion of their early life, while also recognizing the transitional nature of insurance needs as dependents grow older. In contrast, expiration ages beyond 18, such as 21, 25, or 30, are less common for children's term riders, as they generally reflect a different type of coverage applicable to mature adults rather than dependent children.