Never Buy Life Insurance on your children
In the good ole days it made sense to buy life insurance for your children. Well times have changed now. Currently 19% of all life insurance policies are sold to cover children. The reason that life insurance for children is not needed is because in the tragic event that your child dies you would not be facing any economical loss. Kids earn no wage of value that would need to be replaced upon there death. If you are truly concerned about funeral expenses for your childern add a child rider to your own policy. It will cost less than $25.00 a year. Often times you’ll pay as much as $25.00 per month to start a policy for your childern.