One of the greatest gifts you can give. Life Insurance for children is a small price to pay for peace of mind and the benefits are worth it.
Life Insurance can often be an uncomfortable conversation. Believe me, tell somebody you are a "life insurance salesman" and watch the room clear. But seriously...
The conversation about life insurance for a child can lead to a flood of emotions. That is the very reason it is so important to provide for this in your financial plans.
As we get older insurance premiums get higher. The reasons are simple; we are closer to using the benefit and our health deteriorates. The younger we are the lower the premiums. We are farther from the benefit and our health is at its best.
Now, we hear about unfortunate stories all the time and we never expect things to happen in our lives. Planning for unforeseen or unexpected events is what insurance is all about. Putting a life insurance policy in place for an infant or child, guards against the unforeseen or unexpected events that may happen in our child's life.
When a child has an illness or an accident early in life, sometimes, it may lead to expiring too early. Having a life insurance policy in place to take care of final expenses is a benefit and can certainly be considered prudent. But, it's of little consequence and this isn't necessarily the main reason you would want to have this coverage in place.
When a child has an illness or an unexpected illness the majority of the time, with today's medical advancements and health care, they live a full and happy life. They get jobs, get married and have children. However, sometimes these unforeseen events can make them very expensive to insure or just plain uninsurable.
Insurance companies are in the business of making money. They offer policies based on the likelihood of paying the benefit. When a policy is applied for, a health questionnaire starts off the process of deciding insurability. All questionnaires start by asking about your medical history. If you have a history that includes; cancer, diabetes, accidents with severe trauma, etc. The cost of insurance may be much higher or coverage may not be available at all.
If an unforeseen event makes insurance unavailable or an extreme financial burden, having coverage in place proves to be a very wise decision. Then again, that is what insurance is for, protecting against the worst case scenarios in life.
When children are young and healthy, the premiums are at their lowest. On a whole life policy, the premiums are also locked or level through out the policy. They will never change or go up, no matter what happens. Putting a policy in place for a healthy child isn't costly or a burden to your financial plans and when they become an adult you can turn over to them the obligation of paying the premiums.
Can you imagine having a family to provide for and not being able to get coverage for a life insurance policy?
Can you imagine this being the case for a family member and you had the foresight to put coverage in place?
Life Insurance for children is inexpensive and easy to put in place.
IT IS ONE OF THE GREATEST GIFTS YOU CAN GIVE!
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Are There Any Benefits? - Why Quit Smoking?
You won't stop smoking until you are ready. Something will click and then you will be ready start. One of the toughest things you can do is quit smoking. It will be a bumpy road and it won't be over night, but it's worth it and the benefits never stop.
Your Credit Affects How Much You Pay For Insurance
Insurance companies are in the business of making money. They need customers who will pay premiums and won't file a claim. After years of extending coverage and paying claims they have actuaries that can figure out exactly the kind of customer they want to target. They know who is more likely to file a claim and they charge those customers more for insurance coverage. In addition to the normal demographics used to decide this ideal customer (age, address, driving record, previous claims), more companies are using credit profiles to underwrite their policies.
Get Life Insurance While You Can!
Buy life insurance while you can. Too many people think about life insurance when it is too late. Illness or current health status are the leading reasons for being denied life insurance coverage. The number one reason for getting life insurance is seeing a loved one or friend leave behind a family with out coverage.
