Life insurance for children: Pros and cons of buying one

August 12, 2020 by Fitz Gerard Villafuerte

You probably heard from an insurance agent that you need to buy life insurance for your child. Getting life insurance for your kids has advantages and disadvantages.

Buying life insurance for children has become a debated issue in financial circles. Those who are for it assure parents and grandparents that thinking of coverage is a wise thing to do.

They say that it improves children’s insurability and the chance to buy more such insurances in future. And, of course, it’s a nice move to save the family’s budget if any unfortunate incident happens to the child.

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Originally Posted at Business Mirror on August 11, 2020 by Fitz Gerard Villafuerte.