Child Life Insurance What is Child Life Insurance?

Its a type of life insurance plan parents buy on the life of their child that pays out a death benefit upon the passing of the child. Child life insurance plans can provide money needed for final expenses, build cash value over time, and guarantee your child life insurance coverage as an adult. Child life insurance plans are very affordable. You may be able to purchase life insurance for your child for just a few dollars per month. What are the Benefits of Child Life Insurance? Guaranteed lifetime life insurance. Guaranteed level life insurance rates. Builds cash value over time. Loans for Cash Value may be available. Additional life insurance coverage available as an adult. How can you find low cost life insurance for your child? Actually, most life insurance plans for children are very affordable compared to adult life insurance. The reason is that children have a much longer life expectancy since they are expected to live longer, the chances of them dying are small, and the rates are usually very low. In fact, some life insurance plans for children may cost as low as $2 to $3 dollars per month, depending on your childs age, the amount of life insurance, and the life insurance company. Among the better known insurance companies offering child life insurance plans include Gerber Life, Globe Childrens Life Insurance, and Prudential. Child life insurance is more than just a death benefit paid out upon the passing of your child. It is a way to build financial security for your childs future, with guaranteed coverage and cash value inside the life insurance policy. And, your child may have the option to add more life insurance to the policy upon reaching adulthood, regardless of health or occupation. Learn more about child life insurance please visit http://www.term-lifeonline.com/life-insurance-for-child.html