Life Insurance for Children
What are the benefits of buying life insurance for your children?
If you have children you may want to consider buying child life insurance policies for your kids.
What are some of the main benefits of childrens life insurance you may be wondering?
Well, there's several key benefits that may help you and your child as he or she grows up and becomes an adult:
1. Child life insurance provides a death benefit the parent can use to pay for the child's funeral and burial costs.
2. Child life insurance plans build cash value over time from which your child may take a loan in the future if needed.
3. These plans provide your child with guaranteed level premiums for life.
4. These plans provide your child with guaranteed lifetime life insurance protection.
5. Your child will be guaranteed life insurance even if his/her health changes in the future.
And, your child may add additional coverage to the policy when reaching adulthood without having to prove insurability by taking a health exam.
Here's how to get life insurance for your children