Over the years I have been asked:
WHY SHOULD I BUY INSURANCE FOR MY LITTLE ONE?
My answer is always the same:
WHY NOT!
I understand at first, the sight is frightening to think of your own child being really sick or even passing away. It’s a reality all of us who have children are exposed to.
In Fact there are so many advantages to insuring your child:
- It is usually inexpensive.
- It is for Lifetime.
- No medical Test is required.
- Offers a better return over time.
- Could be paid off before they are even out of the nest.
And the most important thing: I am looking after my child and that is why parents are for, to protect their love ones for the unexpected.
Buying an insurance whether it is Life or a living benefit ( Critical Illness, Hospitalization or Cancer Protection) is a great way of knowing if something were to happen down the road, you will not have any financial stress.
And if nothing happens, which we all hope and pray for, money (return of premiums, cash values, or even cash surrender) can be used for parents as an investment for themselves or to fund their child’s life changes.
So again, WHY NOT?