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3 Points Parents Should Keep in Mind

Kids don’t have incomes, but it can still make financial sense to insure their lives. Before you buy a policy, though, consider a few key aspects of the choice in children’s life insurance. Getting a life insurance policy for kids doesn’t suit every family. Yours might be so well off as not to need such protection, or might prefer to use the money you’d pay in premiums to help pay your kids’ college bills, say, or provide a cash gift to them at a certain age. For others, though, this coverage can provide peace of mind and protection against the financial costs of losing a child, which would be a burden to cover. I’m one of those parents. For me, the compelling reasons to buy life insurance on my three girls included the desire to protect against the loss of my own income, to pay funeral costs, and to

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