Getting life insurance on your children is a way of ensuring that they can have life insurance when they are adults. While many health conditions are being rated more favorably by life insurance companies due to improvements in medical treatments, I also see fewer and fewer choices for young people with serious health conditions. Purchasing life insurance on your children while they are healthy is a simple and inexpensive way to give them the security of life insurance for the rest of their lives.
Whether you get them Whole Life, Term insurance that they can convert to permanent insurance later on, or just put them on a child rider that they can change to 5 times that amount in permanent insurance when they become an adult, each option provides this chance to have life insurance for life even if a health condition has developed along the way.
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Whether you get them Whole Life, Term insurance that they can convert to permanent insurance later on, or just put them on a child rider that they can change to 5 times that amount in permanent insurance when they become an adult, each option provides this chance to have life insurance for life even if a health condition has developed along the way.