Does My Child Need Life Insurance?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Life insurance for children is generally purchased to buy "insurability" while they're young and healthy. It's also purchased as a savings plan for college education and future supplemental retirement. But it can be purchased for final expenses in the event of the child dying. It's important to note that life insurance companies will want to see the coverage on the parents as an indicator of the buyers intent.

   Answered on August 20, 2013

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