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	<title>New answer on: Does Life Insurance For Children Work?</title>

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		<title>By: Larry Gilmore</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-for-children-work</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Thu, 18 Apr 2013 17:35:12 +0000</pubDate>

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		<description><![CDATA[In what way do you mean? As a college funding choice, possibly, but it would require significant investment that might be better spent on the parents to insure college. 

A life insurance policy on a child is a good idea for several reasons. Set up properly it is a financial cornerstone to a sound financial portfolio beginning for a child as they grow into adulthood. Imagine locking in a price that is extremely low and having it gain in value over the years into adulthood. Add the option of guaranteed insurability to the plan and you&#039;ve taken away the ability for an insurance company to say &quot;no&quot; to your child in the future.  That is extremely valuable. 

Now, let&#039;s look at the sad side of insurance on a child. What if you need it?  As heartbreaking as it would be to lose a child, imagine having to figure out what you can &quot;afford&quot; for a service or headstone? Imagine how much time you&#039;ll need off of work and what your employer would cover salary wise?  For the same reason I purchased insurance as a young single man, long before I went into this business, I didn&#039;t want a double or triple whammy for my parents who would already be dealing with my death. Throw lost wages in there and having to find the money to bury me and I&#039;ve created devastation in my household.  While may God forbid, if you were to lose a child, isn&#039;t that enough?]]></description>

		

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