Final answer:
Child life insurance riders, juvenile life insurance policies, family income policies, and joint life insurance policies can cover S's children.
Step-by-step explanation:
When S is covered by a whole life policy, there are different insurance products that can cover his children. These include:
- Child life insurance riders: These are additional benefits that can be added to S's whole life policy to provide coverage for his children. They offer a death benefit if the child were to pass away.
- Juvenile life insurance policies: These are standalone policies specifically designed to provide coverage for children. They offer both a death benefit and a cash value component.
- Family income policies: These policies provide a regular income to the family in the event of the insured person's death. They can be used to provide financial support for the children.
- Joint life insurance policies: These policies cover two or more individuals, such as S and his children. They provide a death benefit that is paid out upon the death of any of the insured individuals.