post Category: Life Insurance post postOctober 17, 2007

Insulrance Maze Life Insurance on ChildrenAsk five people about life insurance on children and you will probably get five different answers.  Let’s look at some of the reasons we buy life insurance on anyone to see if some of these reasons apply to our kids and if we determine life insurance may be appropriate, what will we do to make sure the amount of life insurance coverage is adequate and appropriate?

Google

One of the very basic reasons why most people buy life insurance is to pay for final expenses

So Just What Are Final Expenses

  • Unpaid Final Medical Expenses
  • Many children, unfortunately, are killed in accidents and the medical care associated with these accidents can be very expensive. These expenses may include emergency transportation, emergency room treatment, and intensive or critical care services. Even with excellent major medical insurance, there are deductibles, co-payments and co-insurance which may amount to several thousands of dollars.

  • Funeral Service
  • Obviously no one likes to talk about this, but it is just a fact of life. In addition to paying for the service itself, there are other expenses like, burial plot, grave marker, etc., all of which may amount to several thousands of dollars.

Now Let’s Look Into The Future

When our children are grown and have families of their own, will they need life insurance? If you feel they will, there is certainly no better time to buy it than when they are healthy children. If you purchase a permanent type of life insurance, the very low premium will never change, even when they are adults. Also, our health condition can change very quickly and buying life insurance on children will prevent them from being in a position where their health condition prevents them from buying life insurance, at least at standard insurance rates.

So, Should We Buy Life Insurance On Children?

We could argue that it is something we just won’t do or we would argue the point– if anyone needs life insurance, why not children?

Google

Buying Insurance

  • Auto Insurance
  • Business Insurance
  • Discount Dental Plans
  • Discount Health Plans
  • Group Health Insurance
  • Home Insurance
  • Life Insurance
  • Insurance Terms

  • A-C
  • D-H
  • I-M
  • N-P
  • R-T
  • U-W


  • Sponsored Links
    Discount Dental Plans Under $20 Nationwide Dental Plan Provider Network. Savings on both preventive and restorative dental services, prescription drugs, vision and chiropractic care.
    Discount Health Plans Under $60
    Healthcare savings from a nationwide healthcare network. Savings on healthcare for your entire household under $60 per month.

    Domestic Violence Is An Epidemic!
    Over 4 Million women suffer physical or emotional abuse every day in the United States. Children witness their mothers being assaulted or even killed. Let’s talk! Let’s change domestic violence.

    Wild Western Classics
    Learn about the actors and characters who have portrayed the wild west in movies and on television. If you are a fan of the old west, you will love this site.

    Tennessee Insurance
    If you live in or are relocating to Tennessee, we would like to help you with all your insurance needs - auto, home, business, life, health and dental plans.

    AmPmInsure.org
    The best source for insurance information on the web. Join in on insurance discussions or ask important insurance questions. Membership in this insurance community is free and every member has access to a free insurance blog.


    Discount dental plans



    Explore Life Insurance

    Insurance Contact Information In The United States


    Home   |   Blog Policies   |   Site Map

    Work At Home

    Technorati Tags: , , , ,

    Share and Enjoy:These icons link to social bookmarking sites where readers can share and discover new web pages.
    • digg
    • Ma.gnolia
    • NewsVine
    • Reddit
    • YahooMyWeb

    Sorry, comments are closed.