As parents, we often buy things for our children that they soon outgrow. Stuffed animals, toys, clothes. But life insurance is something children never outgrow. It's a gift of security and the start of a solid financial future.
Life insurance offers death benefit protection for the family.
If the child dies, funeral and medical expenses can drain a family's finances. The proceeds from the child's life insurance certificate can help cover these unexpected expenses. Permanent life insurance accumulates a cash value at competitive interest rates on a tax-deferred basis. Over time, that cash value increases and can be used to help the child pay for college education, purchase a home or even supplement his or her retirement income. You can also protect the child's future insurability by purchasing life insurance when the child is young and healthy, helping assure the child life insurance protection as an adult.