What are the advantages of having a life insurance plan on my child?

Children's life insurance policies provide several benefits, including:

• Proceeds from the death benefit can be used to pay for final expenses.
  
• Build cash value inside the policy over time.
  
• Guaranteed lifetime life insurance protection.
  
• A loan may be taken from the cash value in the policy.
  
• Level rates guaranteed to remain the same for the life of the policy.
  
• Option to increase coverage when your child reaches adulthood.
  

Here's how y...

Continue reading ...

What is children's whole life insurance?

It's a life insurance policy for children that provides guaranteed lifetime protection as long as the premiums are paid.

Your child's life insurance policy will build cash value over time inside the policy from which your child may take a loan if needed.

In addition, the rate charged for your child's life insurance policy will never increase. And, most plans offer the option of increasing the amount of life insurance at age 18 or 21 without having to take...
Continue reading ...

As soon as a child is a few weeks old, insurance companies can issue life insurance policies on them.

That is actually the best time to purchase life insurance for your child.

Child life insurance plans offer the lowest rates at this age and you can lock in that rate for the rest of your child's life, all the while accumulating cash value inside your child's life insurance policy which can be borrowed against or used in later years for retirement with a permanent child life i...

Continue reading ...

If you are just looking for a burial type life insurance policy which you would like to give to your child as a gift when they are an adult, perhaps when they have a family of their own, you might just start off with a $30,000 life insurance plan.

Underwriting is usually minimal in most cases on life insurance policies for children, meaning there is no health exam and few health questions. You can even get a quote and apply online for your child's life insurance plan in about...

Continue reading ...