0
Children don't normally need a life insurance policy for the simple fact that they rarely have any debt. They also do not have any dependents, such as a spouse or children, who depend on their income.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Do you need a will for life insurance?
You do not need a will for life insurance. I don't have a will, but I have life insurance. ;)
Does a child need life insurance?
There are quite a few benefits of having life insurance on a child. Beyond the obvious (life insurance benefit) there are other reasons why parents get life insurance policies for their children: cash accumulation for college funds for example.
Why is term life insurance often the best value for customers?
you need life insurance coverage most while you are raising children. as your children become independent and your assets increase, you can reduce your coverage. term insurance comes in many different forms.
Best term insurance for children?
There are several insurers that offer term life insurance for children. Some of the leading providers of life insurance for children include Globe Life and Gerber Insurance for children. Also, you can compare rates and plans online from a quote provider that can give you quotes for childrens life insurance from several insurance companies.
Where can one find information on life insurance for children?
The best way to find information on life insurance for children would be to speak to a life insurance specialist. They can discuss whether or not insurance on a child is necessary.
Does homeowners insurance pay off your mortgage if one of the homeowners dies?
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
Is whole life insurance a good choice for a widow with no children?
Unless you have another person in mind who would need support should you die, then whole life insurance would not be a good idea.
Why is term insurance often the best value for customers?
you need life insurance coverage most while you are raising children. as your children become independent and your assets increase, you can reduce your coverage. term insurance comes in many different forms.
How do you know what you need in life insurance?
If you are looking to get life insurance you should consider if you have any dependents and if you don't you won't need life insurance. You could get life insurance if you are a sole owner of a company and you need to decide how much money your company will need after you die.
Where can one obtain life insurance for kids?
You will need to contact individual insurance companies to compare rates on life insurance for children. Rates will vary depending upon the age and health of the child in question.
Can one obtain life insurance coverage from Prudential?
"Yes you can obtain life insurance from Prudential. Questions you should ask yourself include how much life insurance do I need, Do I need life insurance for my family."
What type of insurance do you need to carry school children in your car?
If they're your own children - your ordinary car insurance will cover them. If they're someone else's children, strictly speaking - you need 'public liability' insurance.
