yes, if the child has a good enough reason.
Normally, your child can withdraw their life insurance when they are 18. However, this may vary from policy to policy and between different insurance companies.
A life insurance policy can be had from 0 age (child policy) to a person of maximum 65 years (pension policy).
The purchaser of an insurance policy names the beneficiary.
no
my parents had an insurance for me when i was a child. how do i find out if their is a policy out there . i don't want to contact Met life, i want to see if i could find out on-line
One of the most popular, and cheapest places to purchase a child's whole life insurance policy is from Gerber Life. Gerber has been in business since 1967 and is one of the top direct-response insurance companies.
Yes
A life insurance policy for my father included his 3 children one is deseaced does the deseased child children then become heirs?
Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.
Gerber gives many families a kick start to their newborns life. Gerber offers Gerber Life which is a long term life insurance policy for the child. This life insurance policy is used by thousands in the US.
No, you are not responsible for their back child support.
It is not important to have a life insurance policy.