Why Buy Life Insurance For Children? 
Why Buy Life Insurance For Children ? Great Question . Are you going to contribute towards your child 's future college cost ? Are you interested in giving your kids an head start in life with saving money ? I think the best thing to do is understand the benefits of whole life insurance , or index universal life insurance . When you learn about these two insurance products you will understand their are tax advantages such as tax deferred and tax free withdrawal . When you combine the tax advantages with earning a rate of return on your money while it compounds over the years than you will see why you would definitely buy life insurance for your child . The biggest asset kids have is time . It takes time for money to build over the years , and the real question is how much money do you want working in your child 's favor that 's tax free.Something to really think about . I hope this helps anyone in why they should buy life insurance for their child . . 