Life Insurance For Children
Life insurance is very important for all the members of the family.
We suggest you have enough life insurance on both mom and dad to cover all your ourstanding debt, plus 10 times the income of each parent for that parent.
So if mom kakes 40,000 a year she should have a $400,000 policy + expenses
If dad makes $30,000 a year he should have a $300,000 policy + expenses.
I think it is easy to understand why mom and dad should both have life insurance , but what about Childrens Life Insurance. I know it is uncomfortable to talk about, but the kids need life insurnce too.
First off, this may be the only policy the can get if their health changes as a child. many companies will not even offer Child Life insurance to a person who have pre-exisiting conditions or mabey their height and weight dont meet their guidlines.
Another thing, is most policies can convert as the child gets older.
You also have to face a tragic death is very expensive, and even more so in the event the child gets sick prior you may rack up huge ammounts of unforseen expenses.
I have 4 children of my own, and I hate the thought of it but as the father and lader of my family I MUST make the hard decisions and face reality and prepare for my finanicial future and include Child Life Insurance in my portfoilio..
Some good news in an ugly topic, the younget the child is the less expensive the premium and if you lock in a long term plan you and your child will be glad you did. When he or she are getting ready to get married or go out on their own they will be happy you locked in the cheaper life insurance rates. I know i wished my parents did it for me....
Get life insurance for children online at http://lifeinsurancechildrenquotes.com or call 888.533.3254