When Should I Buy Life Insurance for My Child?

If you're new parents or have young children you may be considering the purchase of life insurance coverage for your child.

Child life insurance offers several important benefits for your family and your children.

They can provide funds to pay for your child's final expenses, build cash value inside the policy for your child's future, guarantee your child's insurability as an adult, and guarantee your child can add more coverage when reaching adulthood.

The best way to go is to lock-in the lowest rate while your child is young and healthy, so the sooner the better. We're all well-aware of the number of young children in the US developing diabetes or becoming overweight, both of which make it difficult to get affordable life insurance.

Purchasing coverage now for your child will guarantee lifetime protection no matter what the future holds.

To learn more, read this article about "When should I buy life insurance for my child?"