Deciding to purchase a life insurance policy for your child(ren) can be difficult. No parent wants to “make money” off of the loss of their child, but there are relevant and valid reasons to purchase a policy for your child.
As the national health care environment changes monthly, it’s not always clear where life and health insurance will end in the future. Many parents choose to insure their child now to avoid them ever being denied coverage for lifestyle or medical reasons. They also see the policy as a safety net that their children can utilize should they ever need an emergent access to cash.