Why buy life insurance for kids?????
Recently, I had the opportunity to provide life insurance to a young man starting his journey as an adult. The same day I hear on the news that a child got shot AGAIN in Durham, NC. The emphasis here is another child hit, not the town. The day before a report aired about a child kidnapped. Last night, as of this writing, three kids stabbed by their father. Every year when school starts, children get hit by someone failing to stop for a school bus. Every summer some child drowns in the local lake somewhere. This got me to thinking, Does it make more sense today to buy life insurance for kids? Am I being paranoid?
Does place of ones house matter?
Where there are more people, one would expect to find more deaths per 100k. According to the Henry Kaiser Family Foundation there may not be a correlation. They state further, some rural states have higher child deaths per 100k than more populated states.
Does financial status matter?
If you have money set aside, other plans can prepare for such an occasion and beyond. Ask your yet, can I afford $3k to $14k per child for unexpected burial expenses? Those figures depend on several variables. If you cant, it is worth giving considerable attention to. Once you are up and running, other planning considerations may be necessary.
Why would someone think about gambling on their child's life? Always hedge your bet! Would you rather pay the small cost of a premium now, or the full cost of a funeral then? Is it worth less than the cost of a soft drink per day to have peace of mind?
#lifeinsurance #children #mortality #ltc-ab2.info #funeral #deaths
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