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Child Life Insurance


What is Child Life Insurance?

Parents do not like to think about the death of a child, but Child Life Insurance is not necessarily all about death. Life Insurance can help with funeral expenses if an untimely death were to occur or it can be used as a strategy for putting money aside for the future. With funeral expenses ranging from $5,000 to $20,000, that along with the death of a child is a heavy burden for any family. Life Insurance helps relieve the financial burden in a not so pleasant time.

What are the benefits of buying Life Insurance for a child?

When signing up for a whole life insurance policy at such a young age, premiums are at a minimum and will remain constant for the rest of your child’s life. As the policy matures, it accumulates a cash value. This cash value can be borrowed against or the policy can be stopped and the cash value withdrawn. Withdrawn funds can be used for college tuition, beginning living expenses, financial troubles or any number of things.

Child Life Insurance can also protect against illness or injury. Depending on the severity, many diseases can cause a person to become uninsurable. Purchasing Life Insurance at a young age can protect against these factors and lock in a low premium for the remainder of your child’s life.

Who can purchase a Child Life Insurance Policy?

Parents, grandparents, and legal guardians can purchase a Child Life Insurance policy. The parent or legal guardian becomes the beneficiary.