You are eligible to buy PARACHUTE Insurance products if you are:
Your spouse is eligible for PARACHUTE coverage if he or she is:
Only one spouse is eligible for insurance under your policy and it is the person who most recently satisfies the definition of spouse who is eligible to apply for coverage.
Your children are eligible for PARACHUTE coverage if they are your natural or adopted children or stepchildren and are, at the time of application for insurance, wholly dependent on you for support and either (i) less than 21 years old, or (ii) less than 26 years old, and in attendance at an accredited school as a full-time student To be eligible for PARACHUTE Life Insurance coverage, a child must be over 25 hours old., and are: