Every parent remembers their child's first steps. You were excited and anxiously held your breathe as they took those tentative steps. Flash forward several years to sitting in the passenger seat as your child slowly pulls out of the driveway on their first driving lesson. Similar emotions return with added concern for their safety. Let AFR Life help ease that worry with the Young Driver Protection Plan. With this plan, you’ll have peace of mind as you send your new driver off into the world.
Young Driver Protection Plan is a 10-year level term product that is issued for youth ages 15-25. This product can be purchased by parents or grandparents and is a great addition to any auto policy for young drivers and offers $25,000 of life coverage plus an additional $10,000 accidental death coverage at no extra charge.
For only $12 a month, you'll receive $25,000 in coverage for your young driver.
Accidental Death Benefit
$10,000 additional coverage if death results from an accident
Convertible to Whole Life
Convert your Term Life Plan to whole life to have coverage your entire life.
We make it easy to purchase a life insurance plan for your child or grandchild with an easy application with only six simple medical questions.
Ready to insure your biggest asset?
You insure your home and auto but the most important asset to insure is you and your ability to provide income for your family needs.
Determining the right product and the amount of coverage may seem like a daunting task but with the experience of our local agents in your community, they'll help you find the right coverage. AFR Life is prepared to help you protect what matters.
Find an AFR agent today and start exploring the coverage options that best fits your needs!
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Young Driver Protection Plan Frequently Asked Questions
What are the age limits for this product?
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This product is designed to cover young drivers between the ages of 15-25.
What is the amount of coverage the for Young Driver Plan?
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The coverage is a level $25,000 plus an additional $10,000 of accidental death benefit.
What type of underwriting is done for the Young Driver Plan?
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We do a Jet Issue underwriting which consists of 6 questions. If the proposed insured answers 'No' to each of these questions, the underwriting is done. The policy will be issued automatically upon receipt of the first premium payment.
Any other features of this product I should be aware of?
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The premium is $12 per month for all ages, genders and tobacco use for the young drivers.
Why Choose AFR Life?
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Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determination. Such terms may vary and exclusions may apply. Other discounts may be available on an individual basis. All policies are different and your policy may not qualify for all discounts listed.
AFR Insurance is proud to have earned a Financial Stability Rating of A from Demotech, Inc. The Financial Stability Rating is an indicator of an insurance company's strength. An A rating means AFR has "Exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels."
Demotech awards this rating after performing a thorough review of a company's financial statements. This rating is independent of the size of a company due to Demotech's belief that a small, well-run insurer may outperform a larger insurance company.