What type of policy allows children to convert term coverage to individual policies?

The option that allows children to convert term coverage to individual policies is the family protection package. This type of policy typically includes coverage that is focused on the needs of families, including provisions that enable children or dependents to convert their coverage to individual policies as they grow older or when specific conditions are met. This conversion feature is significant as it provides a way for children to maintain life insurance protection without the need for medical examinations, making it a valuable option for families planning for future needs.

Family maintenance insurance, variable universal life insurance, and joint life insurance do not typically incorporate a feature that facilitates the conversion of term coverage for children after its tenure ends. Instead, they serve different purposes and target distinct insurance needs, making the family protection package the most relevant choice for the described scenario.