Should you consider Buying Life Insurance for a Child?

"The Sick Child" - Edvard Munch, 1885-86

  Indeed, should one think about life insurance for their children?  Well, if you do have any cash to spare though then life insurance for your child is certainly something you can consider for various reasons.  ( more at ABL ) Your child may become ill later in life You probably don’t want to think of it as a possibility but the sad fact is that previously healthy children can encounter health problems as they get older. Once a life insurance policy is in place it will not be cancelled so this may be a very valuable lifeline for a child who would struggle to get life insurance in adulthood, due to heath issues. Of course this is only going to apply if you purchase whole life insurance for your child and you have to … [Read more...]