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Why do parents take out life insurance policies on their children?

Question by Megan S: Why do parents take out life insurance policies on their children?
I just got an ad for a “Gerber Life Grow-Up” plan as an insert in my morning paper. The whole idea weirds me out big time! The ad claims that a child will “have trouble getting a policy on their own once they turn 18″. It doesn’t make any sense to me because my husband at age 25, just bought a rather large policy to supplement the policy he gets from his employer with few questions asked. Its also a bad financial investment too, several financial experts in Money, Kiplinger’s, etc. have said that its not worth the money anyway.

Am I the only one that is creeped out by child life insurance policies?

Best answer:

Answer by Kathryn
They use the “trouble getting a policy” line as a scare tactic. As you know from first-hand experience, young healthy adults can easily get life insurance. There is no reason to buy life insurance on someone who does not have dependents.

Know better? Leave your own answer in the comments!

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Take Advantage of Senior Life Insurance

Just because you are young and it seems that your health is serving you well do not necessarily mean you are covered for life. One of the many mistakes people do in their lives is they actually take for granted seeking the best option for stability in the future. Take for example getting a life insurance policy, and then it is too late. You only realized the importance of having a viable life insurance policy when you feel that your glory days seem to be over. Luckily, there is senior life insurance available today for those who are elderly and want to seek the right insurance options.

Acquiring a life insurance policy is actually very necessary but on the other hand always taken for granted? Especially when an accident happens or when a disease strikes in the family, then the importance of having life insurance is considered but already too late. The expenses for funeral costs are actually very high these days, and without insurance, it can be tough for the family that is left behind. Therefore, even if you are in your 60s or 70s, do not hesitate to get senior life insurance before it is too late.

Having a viable senior life insurance policy will most definitely provide your family the assurance and stability when the time comes when they need it the most. Senior life insurance is a good way to spend for funeral costs and other expenses, and perhaps a good thing to keep for your family when you are gone. Therefore, you should start seeking your options in selecting the most reliable insurance company with the most affordable senior life insurance rates. It is not too late for you to go ahead and seek out a senior life insurance for your family’s security. Just look for the right insurance agency to take care of this for you and let you enjoy your days without the worries of the future. Indeed,acquiring senior life insurance is like having the right peace of mind.

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