While these cases are rare, you may benefit from purchasing life insurance for your child if:

• Your child has a health condition that may worsen with age.
• Family medical history indicates your child may develop a serious health condition during early life.
• Your child provides financial support for you and your loved ones.

Including a child rider in your term life insurance policy is a more straightforward and cost-effective option. If any of your children die away, a kid rider pays a death benefit and can later be changed to a permanent policy if your child requires lifetime coverage.

While it may feel odd to consider life insurance for your child, the benefits can extend far beyond traditional expectations, especially if you lock them into a policy early. Here are a few reasons why:

Affordability
Purchasing life insurance for your children guarantees protection at the best price, as life insurance is less expensive when you are younger and healthier.

Insurability 
Buying life insurance when your children are young and healthy ensures they have coverage regardless of future health conditions.

Financial Security: Life insurance provides a foundation for financial security, supporting major life milestones such as college, marriage, homeownership, starting a business, and retirement. You can borrow against the cash value of the policy to assist in covering these expenses.

For Example:

• When your child is ready for college, a loan can be taken from the policy's cash value to help cover college expenses.
• A loan can also be taken from the cash value when your child is ready to purchase their first home and needs funds for a down payment.

Ready to secure your child's future with life insurance? Contact Top Choice Insurance Agency, PLLC at 5830 W Thunderbird Rd, Suite B8 PMB 1122, Glendale, AZ, 85306-4655, to explore your options and get the right coverage for your family.