Life insurance for kids can sometimes feel like a sensitive topic. Here at Capretta Insurance Agency, serving Parma, OH, and the surrounding areas, we want to help parents make well-informed decisions about all types of insurance coverage, including life insurance policies for children. Let’s look at a few things you should know about this important type of coverage.

Do I Need Life Insurance For My Kids?

Purchasing a life insurance policy for your children is an intelligent way to provide a safety net for your family in the event of a death. The death of a family member can be a stressful, traumatic, and financially straining time. When there is a financial safety net in place for final expenses, it helps to relieve at least a little bit of that stress.

Are There Any Benefits to Purchasing Life Insurance for Minors?

There are benefits to investing in this type of policy. There are different benefits for different types of programs. It’s best to talk with an insurance representative about the benefits. The most significant benefit is that you won’t be put under extreme financial strain in the event of a death.

When Should Life Insurance Be Purchased?

Another important question is at what age should a parent purchase life insurance for a child? Life insurance policies can be taken out for children at any age, and for most children’s policies, no medical exam is required.

If you want to learn more about life insurance, please contact us at Capretta Insurance Agency, serving Parma, OH, and the surrounding areas. We are happy to answer your questions about this important type of coverage and other insurance products we offer.