Pros and cons of buying children life insurance

Disadvantages

They probably won't use it
Your child may need a medical exam
Most young adults can get coverage later
Insurance premiums may actually drop as your child ages
Kids don't pose a financial loss
Your group life insurance may already cover them

Advantages

They can continue their current coverage into adulthood
They can lock in a low premium
They can convert to another policy when they’re 21
They may become uninsurable later.

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