By Brad Cummins Learn more about Brad on NerdWallet’s Ask an Advisor Although it’s terrible to think about, the truth is that the unimaginable — losing a child — can happen. A parent may never fully recover from it emotionally. A child’s death also raises financial issues. Is that a reason to purchase life insurance on someone so young? Many opponents of purchasing life insurance on children say doing so is unnecessary, primarily because parents aren’t likely depending on their child for financial support.
The Benefits Of Having Life Insurance Coverage On Your Child
Advisor Voices, NerdWallet.com
Fri, 04/22/2016 - 1:46pm
Topics: learn nerdwallet s ask advisor final medical future tax-deferred iras types but remember purchasing local life agents columbus ohio brad brad cummins a benefits child life insurance coverage policy permanent amount money parent expenses savings premium time cash funds insured health protection death issues plan financial pay additional proceeds ensure due covered withdraw remain young spent taxes parents family emergency funeral build costs cost provide rider fund families term simply allowed accounts typically
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