There are several good reasons parents may wish to purchase life insurance on on their children.

Life insurance on your child can provide:

1. Funds to pay for your child's funeral, burial, and related costs.

2. Guaranteed level life insurance rates for life.

3. Guaranteed life insurance as an adult.

4. Cash values that grow over time inside the life insurance policy from which a loan may be taken.

5. The option of additional life insurance added to your child's policy when your child reaches age 18...
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When it comes to insuring your children for life insurance, there is no set amount that is right for every child.

You could insure your children for as little as what you believe a funeral and burial would cost, or you could insure them for a substantially higher amount of life insurance protection.

Most parents don't want to think about profiting financially from the unfortunate death of their child, but buying enough life insurance on your children while they are young cou...

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