Life insurance for children

How to Take Out a Life Insurance Policy on a Parent,

Even if you're an adult, the death of a parent can represent a significant financial burden. Even self-sufficient adult children might find themselves on the hook for their parent's debts, for funeral expenses, and looking for ways to make up for productivity they lost while grieving. Despite the fact that it means a difficult conversation, taking out life insurance on a parent can be a valuable financial decision. Video of the Day Talk with your parent about your intent to take out life insurance. According to "Life Insurance and its Applications," some states require consent before a child can take out a policy on a parent. Even if it's not required by law, the entire process will go...

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What if your child became seriously ill?, Money, The Guardian

Critical choice: Is your child covered for a serious illness? Photograph: Burger/Phanie/Rex Features The prospect of a child falling­ critically ill is something we just don't want to think about. Which is why the vast majority of critical illness insurance policyholders don't even know whether their offspring are included. Claiming for children is, sadly, not uncommon. Scottish Provident, for example, reports that they are the fifth most common claims after heart attack, cancer, stroke and multiple sclerosis. Ed Stuart Brown, head of protection at Friends Provident, says: "Looking at the latest data in 2008, a shocking 4% of claims were for children – most of them for cancer." Matt Morris...

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Life Insurance for Children

Why should we purchase life insurance for our young children?  It seems inevitable that young families at some point in our consultation will ask if  life insurance for children is a good idea.  Some consider the question too macabre and distressing to think about.  As a father I would agree that there is nothing more disturbing than the thought of outliving our children.  It is a difficult subject to think or write about.  Unfortunately, the possibility of premature death is the very subject that brought about the life insurance industry in the early 1700s, and leads us to the first reason that every parent should at least consider life insurance for children and for every member of their...

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The Importance of Life Insurance for our children Schulte Insurance Agency

We typically do not consider life insurance for our children – we don’t want to even think about them passing away and some of us believe that they should not need it being young. Life Insurance is actually very important no matter how young your child is. Why, you ask? There are many reasons but here are just a few to consider: Your child is probably the most insurable now than he or she ever will be. Children are typically healthy. The older we become, the more health issues arise. If you lock in a life insurance policy for a child now – it will remain in force no matter how their health status changes in life. Your child will appreciate this later in life, especially if they are dealing...

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Niamh s Story Laya Life Member Laya Life Insurance

Single? Worried about safeguarding your children’s future? Here’s why life insurance will help put your mind at ease. As parents, we all want the best for our children, giving them opportunities that will help them grow into strong, well-rounded adults. But what if something happened to you and your kids had to be cared for by someone else? What if this person was elderly and had already settled into retirement? Or what if they were already struggling financially and couldn’t provide the things you would like your kids to have? No one likes talking about their own mortality but it is a fact of life. And families – whether single or two-parent - need to ensure they have...

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2 Advantages of Getting Child Life Insurance - Financial Web

Child life insurance provides coverage in the event of something that no parent should ever have to face - a death of their child. Thankfully, the odds of it happening are fairly low, especially in developed countries. But if a child is suffering from persistently life-threatening health issues or deals with debilitating disabilities, parents may want to consider child life insurance. Hopefully, it will go unused. Owning a child life insurance has a number of advantages, the trick is figuring out whether those advantages outweigh the disadvantages. Advantages of Child Life Insurance The biggest advantage of having child life insurance is the fact that it can help the parents pay medical...

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The Value of Children's Life Insurance, Agent Survival Guide

As an independent insurance agent and a marketer with Ritter Insurance Marketing, I often find myself giving advice to our agents on what products they should have in their sales kit. When it comes to children’s life insurance, there are a large number of consumers and agents who believe that children’s life insurance is a waste of money. However, experiencing a life-threatening illness or death of a child firsthand makes you understand how the emotional impact is incalculable, and the financial impact is overwhelming. I’d like to share my family’s story for your consideration. A child’s life-threatening illness or death is emotionally incalculable and financially overwhelming. My niece, a...

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Life Insurance for Children - Instant Quotes!

When is life insurance for children really necessary? While a child’s risk of death is minimal under most circumstances it is still true that in 2007, over 29,000 children died before they reached their second birthday and more than 10,000 more died before they turned 15. The main purpose of life insurance is to cover the expenses of the surviving family members upon the death of the primary income earner. Since children do not have any dependents and are rarely the primary (or even secondary) wage earner, logic would dictate that their risk is low and that life insurance is unnecessary. That is not to say that purchasing life insurance for children is always a bad idea; what if, for...

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Should You Buy Life Insurance on Children?

Should You Buy Life Insurance on Children? Nobody likes to contemplate the death of a child. We’d all like to assume that our children will outlive us. Nevertheless, it does happen, from time to time. Over the years, I’ve found that some families are more open to considering life insurance on a child than others. The reasons are usually cultural or emotional, and sometimes parents will respond very negatively to even bringing the subject up. And you have to respect that. So much of financial planning involves dealing with emotionally touchy subjects as it is –and one’s money should be a servant of one’s own ideals. That said, I am a believer in parents holding a very small life insurance...

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Child Insurance Plans, Compare Buy Best Child Plans Online

You pay the same as if you were to buy directly from the insurance company We're on your side - representing you at the insurance company for claims and what not WeCare Initiative - A portion of your premium goes for education of underprivileged - Know More Portfolio Planning - All our policyholders get one time portfolio planning services through our certified planners for free Child Plans As a parent, you might dream of a bright future of him/her and investment is a vital step in doing so. Parents generally focusing on the major goals for their child such as marriage, education and a comfortable lifestyle as well. All these goals have different requirements, so it is essential to...

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