Children’s Life Insurance: Insuring Their Insurability

Parents all over the world have one thing in common; we love our children more than we love ourselves. The smiles that melt your heart, the injuries that make you want to kiss away the pain—we would do any and everything to protect our precious little ones. What about insuring them for the unthinkable? No parent wants to think about their child becoming ill, or worse. As responsible parents, our duty is to prepare for all possible outcomes.

When a parent purchases a child life insurance policy early in life, they are ensuring their child’s insurability. Buying life insurance on a child will remove the following obstacles, each of which will increase their rates or even render them uninsurable if they were to apply once they were older.

• Developing an adverse medical condition
• Tobacco use
• Avocation & Occupation factors
• Family History – heart disease, cancer, etc.

Children who develop medical conditions will most likely not qualify for life insurance policies later in life, or, at the very least, their premium will increase. Juvenile diabetes is an excellent example. Many who are diagnosed before the age of 10 are now uninsurable. Your children may one day thank you for allowing them to have their own life insurance policy in the event they do become uninsurable. We have a client who shared a story about how her parents purchased a life policy for her when she was a child. Five years ago she had a kidney transplant which left her ineligible for life insurance. She had her first child last year and now, because of the life policy her parents purchased for her, she has protection for her income. Her parents never thought a simple decision made thirty years ago would have helped her in such a profound way.

Policies start at $10 a month for children below 5 years old. Protect your child’s future by calling Abbey Bowersox at 727-522-7777 today.