<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: Why Do Kids Need Life Insurance?</title>

	<atom:link href="https://insurancelibrary.com/life-insurance/why-do-kids-need-life-insurance/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/life-insurance/why-do-kids-need-life-insurance</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/why-do-kids-need-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Mon, 06 May 2013 15:25:13 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/why-do-kids-need-life-insurance</guid>


		<description><![CDATA[Since the purpose of life insurance is usually to protect someone from an economic loss that would be caused by the death of the Insured person, this is a good question. Why do kids need life insurance?

In light of the stated purpose, perhaps this need does not exist in your family. If the unspeakable happened and you lost a child, you may have plenty of resources to cover final arrangements, even if there were medical bills. If not, then a life insurance policy for a child, or putting the child(ren) on a child rider on your policy, would be a valid choice.&#160;

However, because I specialize in Impaired Risk life insurance (life insurance for those who have health conditions or other risk), I see the biggest advantage of kids having life insurance as ensuring they will be able to get affordable life insurance for the rest of their lives. There is a huge advantage to getting them insured while they are still healthy.&#160;

E.g. A child who develops type 1 diabetes will not be able to get a life insurance policy until they are at least 16 years old, and then far above average rates will follow them the rest of their lives. If they got even a term policy before developing diabetes, the policy can later be converted to a permanent policy at the same health rating they got before they were diagnosed. If on a child rider, they can get 5 times the amount of the rider rated Standard when they become adults, no health questions asked.

There is a tendency to not think about life insurance until there is a scare in one&#039;s health. Having life insurance as a child just takes care of it, no matter what the future brings.]]></description>

		

	</item>


</channel>

</rss>

