If so, you may be wondering why people actually buy life insurance for children, what real benefits it provides.
Child life insurance plans provide several good benefits which may help you and your child.
Children's life insurance offers a guaranteed death benefit, it may build up cash value over time inside the life insurance policy from which your child may take a loan in the future, it provides guaranteed level rates, and it may provide the option of allowing your child to add additional life insurance coverage to the plan upon reaching age 18 or 21.
Child life insurance plans not only protect your child now, but it can provide much needed life insurance for your child in the future, especially if your child develops a health issue which may limit his or her ability to qualify for life insurance.
Learn more about life insurance for children and how you can request a free quote online.