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Post by flhuntress on Dec 11, 2003 20:37:48 GMT -5
why would someone get life insurance for a toddler or any kid for that matter?
this is an ongoing debate kinda thing at work so i'm lookin' for different opinions.
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Post by Shorthair on Dec 11, 2003 21:00:25 GMT -5
I have a small policy on daughter to cover burial expenses. The policy also allows her to get more insurance after she turns 18 regardless of her health.
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Post by GoTres on Dec 12, 2003 9:26:20 GMT -5
SH is right. Many also take out policies that can be borrowed against or cashed in later.
It's a good deal, especially when it allows them to convert it later. It's much less expensive for kids.
It can sound kinda morbid, but it's really not a bad idea at all.
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Post by Markwhiz on Dec 12, 2003 10:59:28 GMT -5
I agree with the others, it's kind of a morbid thought - but it's still a good idea.....just to cover the possibility of funeral expenses. Most Life Insurance policies have "riders" for kids and the cost is insignificant. And if you haven't priced funeral services lately - the "sticker shock" will scare you  . |
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