Hello, my name is Vic Schumacher with HPE
Financial Services. I am an insurance broker representing a variety of companies. Today
we’re going to answer the question, should I have life insurance on my children? The
answer is yes. The answer is yes for a variety of reasons. If you have to use a death benefit
of that policy, which we hope you don’t, but if you do at least you know there is a fund
set aside to handle the funeral expenses and so on. Life insurance for children is very
inexpensive first of all. A life insurance policy for a child can also be utilized as
a savings source and a growth source for future educations. So we’re talking about what is
the purpose of the life insurance policy. Once that policy is started that policy can
stay with that child until that child comes mature and that child moves in to their own
adulthood life. Life insurance policies can come in term insurance and they can come in
whole life insurance or universal life insurance. I suggest you contact a Insurance Broker who
represents a variety of companies and explore the possibilities and the options. But definitely
get life insurance for your children. My name is Vic Schumacher, HPE Financial Services.
Helping people everyday.