Why Life Insurance for Your Child Makes Sense
Children are fragile; they demand your extra care and attention. One of the best ways to protect your family is to purchase child life insurance.
1. Your baby's insurability is protected
A giant benefit of protecting your child with life insurance is that they're protected for life. If your little one develops a serious health condition, there's a chance that they may be denied coverage when they're older.
If you've purchased a child life insurance policy, however, they're safe, depending on the policy you purchase. If your policy covers your child into adulthood, that guarantees that they'll never be uninsured.
2. It could help you save money for the future
Worried about college expenses? Or buying a house? Many types of life insurance policies may allow your child to eventually borrow money against the value of the policy to cover college expenses. Not all policies allow this, so be sure to talk to an independent life insurance agent in your hometown to discuss your options and goals.
For many families, having an extra layer of financial protection is a great relief. Some policies can even be exchanged for a lump sum of cash (though your child would no longer be protected by the policy.) An independent insurance agent can help you find the right policy to meet your goals and protect your child.