Should I Buy Life Insurance For My Child at Life

Should I Buy Life Insurance For My Child. I assume that you mean “should i buy life insurance on my own life to support my child if i were to die?” the answer to that question is generally ‘yes’. In general, these policies are whole life products —.

It is a surefire way to maintain insurability if a child develops illnesses later in life that would exclude their eligibility for life insurance. On your own or with a licensed agent. Life insurance for children is a great way to save for college.

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On your own or with a licensed agent. Baby life insurance, or life insurance for children under the age of 18, tends to be something parents think about but are not sure if they need to invest in. Life insurance policies are usually purchased to protect family against the loss of income that would result if the policyholder passed away, but child life insurance is meant to cover the costs of a child passing away, which could be almost $10,000. I assume that you mean “should i buy life insurance on my own life to support my child if i were to die?” the answer to that question is generally ‘yes’.