1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance is a good idea for children in the respect that the policy will ensure that they are insurable into their adulthood. Here is an example:

    A child is added to a $20,000 term rider on their parents life insurance policy, along with all their other siblings, all for one low price. The child is found to have a congenital heart condition, corrected by surgery, but the diagnosis follows them. At age 21, the now young adult is able to convert their $20,000 to $100,000 of permanent life insurance rated Standard. 
    Answered on September 3, 2013
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