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Children’s Life Insurance

INVEST IN THEIR FUTURE

Partner Content Farmers Insurance - Jonathan Brassfield

Article by Jonathan Brassfield

Photography by Pixabay

Why in the world would my kids need life insurance? Before I made insurance my career, I would have had the same thought. But what if I told you that it is a great way to help jump-start protecting your children’s finances into the future? Now we’re getting somewhere.

Let’s do a quick rundown of what it is and its potential.

  • Children’s life insurance is whole life.
  • No medical exam.
  • It does have a death benefit if something were to happen. 
  • Their insurability gets locked in.
  • Insurance premiums are low.
  • Those premiums won’t increase.
  • Over time, the policy builds cash value. 

The cash value that is built up can help them buy their first car, pay for college, put a down payment on their first home or help fund their retirement. The options on what can be done with that cash value are endless. 

In next week’s article, I’ll break down how cash value is built and its possibilities. If I've piqued your interest and you can't wait until then, give me a call. We can run the numbers together based on your children and your goals for them.

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