One is to be able to pay final expense costs including the cost of a burial and the funeral if something should happen to your child.
The other purpose is to ensure that your child can get affordable life insurance for the rest of their lives.
In addition, child life insurance plans may build up cash value inside the policy over time from which your child may be able to take a loan in the future, if needed.
And, Child life insurance policies may guarantee your child the option of adding more life insurance to his or her plan when reaching adulthood.
Learn more about the benefits of child life insurance and request a free quote today.