| Everyone knows adults should have life | | | | Finding Term Life Insurance for Children |
| insurance. But what about buying term | | | | If you decide to buy life insurance for |
| life insurance for your child? Can you | | | | your child, your first step should be to |
| find an affordable term life policy for | | | | check your own policy and see if you can |
| children - and do children even need | | | | add a child death benefit rider. Many |
| life insurance? Well, that depends on | | | | companies offer this feature, although |
| who you ask. | | | | you may be limited to $5,000 or $10,000 |
| The Pros and Cons of Life Insurance for | | | | worth of coverage. |
| Children | | | | If adding a child death benefit rider to |
| Some financial experts believe you | | | | your policy is not an option, or if you |
| should never buy life insurance for | | | | want higher limits of coverage, you'll |
| children. Children, they state, are not | | | | need to purchase a separate policy. The |
| breadwinners and have no income to | | | | exact rate you'll pay depends on: |
| replace. The money spent on a policy for | | | | * The company you choose |
| children could be better invested | | | | * The age of your child |
| elsewhere. | | | | * The coverage you want |
| Other financial experts take the | | | | The best way to find a cheap policy is |
| opposite opinion. They believe that | | | | to visit an insurance comparison |
| child life insurance can provide | | | | website. On this type of website you |
| security for families. Should the | | | | complete a simple online application, |
| unthinkable happen, it can help families | | | | after which you'll begin to receive rate |
| pay for ... | | | | quotes from multiple A-rated companies. |
| * Medical and funeral expenses | | | | You can then compare those quotes and |
| * Counseling for parents after a child's | | | | choose the cheapest policy with the |
| death | | | | coverage you want. |
| * Time needed off from work | | | | On the best comparison websites you can |
| They find that the minimal expense of a | | | | even talk with insurance professionals |
| term life insurance policy is worth the | | | | and get answers to all your questions |
| peace of mind it provides. | | | | (see link below). |