Insurance Blog

Take child insurance more seriously

The cost of child rearing is rising exponentially every year. If you chart out the expenses, you will be surprised at how expensive children are. From food, to education to their leisure activities and clothing. As much as it is true that as a parent you have always been careful and concerned about giving your child only the best –it is also true that raising a child can put strain on family finances.

New parents with a very young family need to be aware of all the benefits that a life insurance brings to you.


The policy's cash value can be accessed for your child in the future for such things as college tuition or the down payment on a home – the child receives amounts on a regular period, this way we can ensure that the needs of the children are taken care of.

Child insurance plan offers a lump-sum payment on the death of the parent, but the policy does not end. All future premiums are waived and the insurance company continues investing this money on behalf of the parent.


God forbid, your child develops a disability or chronic illness later in life, making it hard if not impossible to get life insurance when it's needed the most –is probably the biggest fright you’ll face as a parent. Buying permanent life insurance for your child can help ensure the availability of coverage later in life.

Buying the insurance when the child is younger can cut the cost significantly.


Another of the most important feature that a child insurance gives is that it helps parents have a strict format into saving for their children’s future. A child insurance plan enforces a sense of discipline. Just the fact that you need to save a small amount every year for your son or daughter’s wellbeing can be quite motivating. 

In today’s economy it is not important to be financially sufficient for the present – it is also important that you are prepared for the future.