Just hypothetically, what happens if both parents are uninsurable? Does the 25% of face amount law not apply?
That's a good question.
The way I read the law, I would think that if both parents are uninsurable then the maximum they can apply for their child would be $25,000.
However, the law also clearly states that if Grandparents apply, there is no requirement to have 4 times the insurance.
Based on my information they do ask how much insurance grandparent and parents have even in that case. In my case everyone had more than adequate insurance, so I can't tell you with certainty what happens in other cases, though I have a hunch based on what it seems they are looking for.