PSI Ohio Insurance Practice Exam 2025 – All-in-One Guide to Exam Success

A jumping juvenile policy is designed to provide a specific increase in the face amount of coverage as the insured child reaches a predetermined age, often during their teenage years. This type of policy typically specifies that the face amount can increase significantly, sometimes up to five times the original amount, once the child reaches a certain age, such as 21.

This feature serves a dual purpose: it allows for a relatively low initial cost for parents when the child is young, while ensuring that as the child grows into adulthood, they have adequate life insurance protection that reflects the greater financial responsibilities they may face.

In contrast, other options describe features not typically associated with a jumping juvenile policy. For instance, policies that limit coverage only until the child turns 18 do not encompass the idea of increasing coverage for later life stages. Similarly, fixed premiums are a characteristic of many types of policies but are not exclusive to juvenile policies, and coverage that includes only an accidental death benefit does not reflect the comprehensive nature of coverage provided by a jumping juvenile policy.