Getting children’s life insurance to a good way to protect their insurability and save for the future. #financialsecurity
Grandparents and legal guardians can purchase these types of life insurance.
Children’s life insurance comes in the form of whole life insurance, which provides coverage for a lifetime.
Once your child reaches a certain age, they may be able to buy additional coverage, regardless of their health.
You want to lock in lower premiums. Generally speaking, the younger the insured person is, the cheaper their premiums will be.
Insurance companies lock in these low rates for policyholders at the time of coverage and will not increase them over time.
Saving for the future. Whole life insurance policies contain a savings component, which is called the cash value.
Cash value grows over time and can be borrowed against.
Looking for Children’s Life Insurance?
Contact Sheena Smikle