If You Love your Child, Insure Him
Saturday, July 29th, 2006You may think that what I’m going to say is unpleasant. Have you thought of taking a life insurance policy in your child’s name? Let me be plain here: I’m not talking about the chance of your child dying. This is not something parents want to think or talk about.
Many people believe that life insurance is necessarily all about death. That’s not the case here. Child life insurance is about preparing for the future; taking steps today can help create a better tomorrow. And as parents or grandparents, it is our duty to make the future better for our children. Such child life insurance is perfect for planning for the future because of the cash value the plan would accumulate. As an adult, they could borrow against this value…or stop the policy and withdraw the money (to pay for college or any number of things).