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Life Insurance for Children Lincoln NE

Often parents and grandparents are pitched "special opportunities" by insurance agents to add children to their policies. Agents may even imply that these opportunities only come up every few years, so there's pressure to make a decision right away.

Michael Collins
6600 O Street
Lincoln, NE
Service
Wealth Engineering,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Portfolio Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Investme

Data Provided by:
Assurity Life Insurance Company
(402) 476-6500
1526 K St
Lincoln, NE
 
Forsyth Insurance Agency
(402) 483-7861
1265 S Cotner Blvd Ste 21
Lincoln, NE
 
R Hoy, Dean - State Farm Insurance Agent
(402) 489-7171
3883 Normal Blvd
Lincoln, NE
 
Krikac, Vinnie - State Farm Insurance Agent
(402) 474-1173
935 Plum St
Lincoln, NE
 
Christopher M. Collins (RFC®), CFP, CLU, MSFS
(402) 438-5500
2200 Fletcher Ave., Suite 100
Lincoln, NE
Company
Tomorrow's Money
Qualifications
Education: AA, BA, MS
Years of Experience: 37
Membership
IARFC, SFSP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Compensation Plans

Data Provided by:
Michael Cooper Insurance Agency
(402) 610-0274
1401 N 56th St Ste 112
Lincoln, NE
 
MHFS Agency
(402) 489-6110
2320 S 48th Ste 101A
Lincoln, NE
 
Executive Insurance Associates
(402) 465-4554
7500 South St
Lincoln, NE
 
Hudson Financial Group Inc
(402) 802-9246
8700 Executive Woods Dr Ste 500
Lincoln, NE
 
Data Provided by:

Life Insurance for Children

Provided By: 

Life Insurance for Children

We always want the best for our children. Life insurance companies know this. As a result, you might find that you are the target of sales pitches from life insurance companies. This is a time when emotions can run high. We all want to secure our children's future, right? If you are considering life insurance for your child, it's a good idea to step back from the sales pitches and be sure that you are clearly considering your and your child's needs before you make a purchase decision.

Often parents and grandparents are pitched "special opportunities" by insurance agents to add children to their policies. Agents may even imply that these opportunities only come up every few years, so there's pressure to make a decision right away. They do this because you'll buy with your heart for your beloved child or grandchild, instead of with your head. Before you buy, ask yourself what benefit comes of buying life insurance on your child. The purpose of life insurance is generally income replacement after a death. As such, it may not be the right purchase on behalf of your child.

However, one of the best reasons to insure children is to cover final expenses after an untimely death. Funeral expenses, including funeral arrangements and burial, can range from $5,000 to $20,000. The average family may not have the funds for those expenses and insurance can help. Further, the cost of such insurance for a child is usually fairly inexpensive, assuming that the child is in good health.

Only buy what you need. Do not be seduced into buying a policy that costs more, but gives you the option of having the child buy additional insurance when he or she comes of age. Sometimes, you may hear a sales pitch suggesting that children will have trouble buying insurance when they are right out of college, for example, and on their own for the first time. However, the reality is that most young adults can easily obtain insurance coverage for very reasonabl...

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