Life Insurance

Life insurance for kids might not be the first thing that comes to mind when thinking about financial planning, but it’s an option that can offer several benefits beyond the primary function of insurance.

Contact Winnett Insurance Agency in Joplin, Missouri, for a personalized life insurance quote.

Can You Buy Whole Life Insurance for a Child?

Yes, whole life insurance policies are available for children, providing a fixed benefit while accumulating cash value over time. These policies remain in effect for the child’s entire life, provided premiums are paid, offering consistent coverage from childhood through adulthood.

Why Get Life Insurance for a Child?

Securing a life insurance policy for a child can provide financial support for unforeseen circumstances, but it also serves additional purposes:

• Future insurability—Securing coverage can help ensure your child has life insurance as they grow, regardless of future health changes.
• Financial planning—Some policies build cash value over time, which can be a valuable financial resource for your child in the future.
• Educational support—In the long term, a policy may help support educational expenses through loans or withdrawals.
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Contact Us

If you’re considering life insurance for your child and need expert advice on the best life insurance policy, contact Winnett Insurance Agency today.