Sunday, November 2, 2008

Question You Should Ask About Your Child Life Insurance

Getting child life insurance quotes on the net can be convenient, but are you sure that you are seeing the big picture?

Is child life insurance really worth the premiums? Many question the importance of child life insurance. After all, if anyone needs to get insured, shouldn't it be the working parents? While this is indeed a valid argument, there are advantages to getting child life insurance.

It's not so much the benefits as it is about future eligibility. Child life insurance is especially important if your family has a history of medical illness. You see, if you get child life insurance, your child can automatically get any type of life insurance later on.

Most types of child life insurance are actually term life insurance. Child life insurance often does not build cash value and has small premiums. In order to be competitive, some life insurance agencies are providing child life insurance some features similar to whole life insurance. However, child life insurance ends when your child matures, so the cash value benefits are very minimal.

As a general rule, parents should first get themselves insurance, before their children. Because the main purpose of child life insurance is future eligibility, parents will do well to just get the cheapest child life insurance package.

Beyond everything else, they must make sure that the child life insurance will allow their children to have immediate access to life insurance later on.


  1. thanks for the very clear explanations about term vs life insurance. I was wondering though, how many years will you pay the annual premium for this whole life insurance? senior term life insurance

  2. I don't have a life insurance package for my child. I don't want even to think about it!

  3. Thanks a lot for this brief introduction about what should be asked when looking for a child life insurance policy. I don't have an insurance policy for my kids but now I am interested in buying up this plan.
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