Should I buy life insurance for my child?

Why consider buying life insurance for your child

There are 2 main reasons to consider taking out a life insurance policy for your child:

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  Planning for the unthinkable

  No one likes to think about their child dying, but having life insurance would help to cover funeral costs, and allow you to take time away from work to grieve.

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  Guaranteeing your child’s insurability

  While your child may be healthy now, potential future health issues may make it harder for them to get life insurance later on. Getting them a policy now may allow them to convert to an adult policy without a medical exam, at a cost based on when they were younger and healthier.

Read the complete article on CanadaLife.com