Life Insurance for Children - Lessons Learned

Raising a Family

Life insurance is probably one of the last things a growing family thinks about. I am from a fairly large family – I’m one of eight children. However before I was born – or even thought of – my parents lost a child who was eight years old, to a tragic drowning accident. Afterwards, instead of being afraid to let their children in the water, my parents had us all take swimming lessons offered at our town beach, so we were prepared and not afraid.

One other lesson learned, my father had us covered under a Children’s Rider on his life insurance policy. I don’t know if this coverage was in place before my brother’s death or if it was a lesson he learned because of the accident.

What I do know is, accidents happen no matter how well we prepare. Having life insurance can take one small item off the list of things that a parent or guardian needs to worry about, namely the cost of final expenses. My parents had five other young children to take care of. My mom was a stay-at-home parent and my dad was a blue collar worker, working 50+ hours a week. They didn’t have much money, so I don’t know how they managed. But they did their best to be prepared.

Life insurance for your children, or grandchildren, can be purchased for various reasons. The first being for final expenses, something a parent doesn’t want to think about, but reality is you should seriously consider having coverage. Life insurance for a child can be purchased for more than just final expenses, it can also be a gift from a grandparent, godparent, or an aunt or uncle – to start a fund for future expenses, such as college tuition, a house, or marriage.

There are many different forms of insurance for you to consider – such as an individual whole life policy, a term insurance policy, or variable insurance. You can also cover your children as a rider under your OWN life insurance policy.

About the author: Melanie Tretheway has been in the life insurance business for over 30 years. She is a mother of two who loves baking, reading, gardening, and taking care of her family. Melanie takes great pride in making sure you are informed, especially when it comes to choosing the right life insurance policy for your family. You can contact Melanie at 1-800-651-1953 or