Today, many children are developing health conditions at an early age, including diabetes, obesity, asthma and other issues that may make it difficult for your children to get insured for life insurance as an adult.
Buying life insurance on your children can guarantee they have coverage as an adult.
In addition, many parents buy life insurance on their adult kids because their kids borrowed money to go to college or to buy a car, or they have children of their own and can't afford the life insurance they need to provide financial security for their own kids.
Here's how to get life insurance on your children.