Child life insurance gives your son or daughter a financial head start. By purchasing child life insurance that includes a college savings component, you can protect your family while preparing for your child's future. Investing in a stable insurance plan for your children gives your family greater security against life's risks and uncertainties.
When you buy child life, consider a policy with a fixed premium payment plan. By insuring your child at an early age, you can lock in a premium that will not increase for as long as your child is covered. If you choose a whole life insurance policy that covers your child for a lifetime, your child will always enjoy the same low premium, even as he or she grows older. As an additional benefit, the cash value of your child's whole life insurance policy will continue to grow through the years.
Preparing for the Unexpected
No parent likes to consider the possibility that a child could be severely injured or become seriously ill. However, life can be unpredictable, and an accident or illness can affect even a healthy child. In addition to the emotional toll that these circumstances take on a family, the financial effects of extensive medical care for a child can be devastating. Along with the costs of standard medical care, parents may also pay for experimental treatment, accommodations away from home and time away from work. If medical treatment is unsuccessful, an uninsured family must also pay for a child's final services at a time of terrible loss.
When you buy child life, consider a policy with a fixed premium payment plan. By insuring your child at an early age, you can lock in a premium that will not increase for as long as your child is covered. If you choose a whole life insurance policy that covers your child for a lifetime, your child will always enjoy the same low premium, even as he or she grows older. As an additional benefit, the cash value of your child's whole life insurance policy will continue to grow through the years.
Preparing for the Unexpected
No parent likes to consider the possibility that a child could be severely injured or become seriously ill. However, life can be unpredictable, and an accident or illness can affect even a healthy child. In addition to the emotional toll that these circumstances take on a family, the financial effects of extensive medical care for a child can be devastating. Along with the costs of standard medical care, parents may also pay for experimental treatment, accommodations away from home and time away from work. If medical treatment is unsuccessful, an uninsured family must also pay for a child's final services at a time of terrible loss.