Should I Buy Life Insurance on my Kids?

The death of a child is every parent’s worst nightmare. It’s incredibly difficult to think about. If your child is under 17, consider adding a child rider to your life insurance policy to cover burial costs and lost income from the time that you would need to take from work. Adding a $10,000 child rider is usually very inexpensive (because the odds of a child dying are low) for the peace of mind and most cover your child until the age of 25.

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