Should I buy life insurance for my child in Oklahoma?

life insurance for my child

Buying life insurance for a child is a difficult issue and can be very emotional for parents.  Rightway Insurance in Oklahoma is available to help you sort through the task of deciding to purchase this type of insurance for your children.

Some key items to consider in Juvenile Life Insurance are:

These policies will lock in future insurability and will stay in force regardless of changes in medical conditions. Things insurance carriers consider are family medical history and the possible development of an adverse medical condition which would make coverage more expensive or the child uninsurable.

These policies are designed to pay funeral and end-of-life expenses.  A life policy can protect your family financially, so you are able to salvage somewhat of a healthy life moving forward. Childhood diseases and violence often take children long before their time.  The expenses of ambulances, doctors, hospitals, medications, and the funeral will be a painful reminder and make the healing process much harder. The effect of losing a child can also result in difficulty returning to work, therapy for you and surviving family, or marriage counseling.

A policy purchased for a child less than a year old is very inexpensive.  Policies which build cash value can be a benefit later in the life of the child for college expenses or other large purchases.  There are many factors, among these, when deciding if you want to get life insurance on your children, so consulting with a Rightway Insurance agent can help answer any concerns you may have.