It depends on what you want for your children, now and in the future.
Yes, child life insurance coverage does provide a death benefit if your child dies, and this can help to provide money to pay for your child's burial, funeral, and other related final expenses, such as, the headstone. Today, an average funeral may cost up to $7,500 or more.
But, that's not the only reason to buy life insurance on your child.
There are several benefits that may help your child as he grows up and starts his own family.
For instance, life insurance is very affordable, you can start a plan for as low as $2.10 per month and the rate is guaranteed to remain the same.
Also, child life insurance plans cannot be canceled due to your child's health changing in the future, or his future occupation.
In addition, your child may have the option of adding additional life insurance coverage to his policy when he turns age 18, 21, 25 or older.
So, in a way, a child life insurance plan can guarantee your child has life insurance in the future, ni matter what his health or occupation, and he will have protection for his family one day.
Learn more about child life insurance plans and get your free quote today.