Should I Buy Life Insurance for My Child?

Yes, it makes sense to get life insurance coverage for your children in order to guarantee future insurability of your children.

However, a parent should never underinsure himself or his spouse in order to pay life insurance premiums for a a child's life insurance policy.

The first obligation is to purchase enough life insurance to adequately cover the breadwinners of the family.

Child life insurance can provide your child with guaranteed insurability in the future, regardless of health or occupation.

Your child will have life insurance with premiums that remain low for the rest of his or her life.

The child life insurance policy can build cash value and offer an option for your child to increase coverage when reaching adulthood.

Learn more about life insurance for your children and how it works.