You may have asked yourself, why is there life insurance for children?
Well, that's a good question, especially if you have kids of your own.
Many parents like you purchase life insurance for their children for a number of reasons.
Some may choose to get child life insurance when their kids are young so they build up cash value for their child's future.
Others may choose to buy child life insurance so there's money available in case the worst happens and their child doesn't reach adulthood. The pain and mental anguish of the passing of your child can have sever traumatic affects, and life insurance can help you make it through a difficult time, especially if you are unable to work.
In addition, child life insurance policies can guarantee your child has life insurance protection as an adult no matter if your child develops a health problem, obesity, or has a permanent disability due to an accident, which would make it difficult for your child to get his (her) own life insurance when grown and raising a family of his (her) own.
And, some child life insurance plans cost just a few dollars per month for up to $30,000 of life insurance protection.
Here's how to learn more about life insurance for your child.