Reader question:

Do I need life insurance for children in Houston?

Carole

Good question.

Who would buy life insurance for children in Houston, you might wonder. After all, it seems to be defeating the purpose. People who make money buy life insurance so that when they die their family won’t have to struggle with money problems now that they are limited to only one source of income. But life insurance for children in Houston isn’t necessarily about that; it’s about making sure that your child is secure in their adult years, among other things.

If you start with life insurance while your child is small, then the cost will be very low, and they will benefit from that for the rest of their life. By the time they are old enough to go to college, too, they will be able to take out loans on their policy and pay for things such as tuition, living expenses, and so on, and avoid going into debt as many young people do.

And although you don’t want to think about it, life insurance for children in Houston can also be an insurance against childhood illnesses to an extent that health coverage isn’t. If you’re child should develop some medical problem, you will be able to borrow against the policy to help pay for care.

take care,

Fashun

Reader question:

Should I buy life insurance coverage for infant child expenses?

Stephen

Good question.

Life insurance coverage for infant child is something that many companies are pushing on new parents when they come in to buy a policy. In those first few years of life, when everything is new, scary, and surprising, it is very easy as a parent to be influenced by fear for the well being of your child. But is baby life insurance really necessary?

Although arguments can be made for buying small life insurance riders to your policy for older children, life insurance for infant child does not even have the benefits of these. For an older child, a life insurance policy could be used to cover the high cost of funeral expenses in the event of a death, and could cover the recovery time you may have to take off of work while mourning.

However, for a baby, even if they do tragically pass away while still tiny, these funeral expenses are not such a huge deal. Most funeral homes will bury a baby for free, and allow services at no cost as well. If this should happen to your child, you can call your local hospital, funeral home, or welfare office to find out more information, although it may be a good idea to be prepared ahead of time.

take care,

Fashun.

Reader question:

What can I do with a Houston term life insurance policy?

Craig

Good question.

One of the best things about a Houston term life insurance policy is that it is far more flexible than a whole life insurance policy. There are many other benefits to both the purchaser and the company, and here are a few that might attract you to this kind of policy.

• Unlike whole life insurance, if you buy a Houston term life insurance policy and later change your mind, you can then convert it to a universal life insurance policy.
• Unlike whole life insurance, you can adjust your term life insurance according to your income and the cost of living, thus raising or lowering your monthly premiums but also the benefits.
• You can also add your spouse and child to the policy as term riders. Although not usually for the entire extent of the term, they can be on there for up to 20 years, 18 years in the case of the child.
• If you life your Houston term life insurance policy, then when it comes to the end you can renew it into another term policy or you can even just purchase whole life insurance.

take care,

Fashun

Reader question:

How much Houston life insurance for children should I get for my kids?

Gloria

Glad you asked.

If you do end up buying Houston life insurance for children, then the amount that you purchase will necessarly be much less than what you would purchase for yourself. Since children aren’t bringing home a paycheck they don’t need the same coverage that an adult requires; they no debts, no mortgage, no dependents.

But the benefits of adding Houston life insurance for children to your own policy still stands–sometimes tragedy strikes, and if you’re child is taken from you while they are still young, you will have to pay for the expenses which may follow, including funeral and burial costs, therapy for you, your spouse, and your other children.

In order to figure out how much Houston life insurance for children you need, exactly, call a few funeral homes and ask them what the average cost is for a funeral for a child. Sure, this is depressing work, but a necessity of life.

You should also contact various counselors and find out what grief counseling would cost for your family in the case of something awful.

take care,

Fashun

Reader question:

Is it necessary to get a teen life insurance rate comparison?

Anne

Glad you asked.

If you have a teenager, when you go into a life insurance office to buy coverage, you may be offered a teen life insurance rate comparison. The agent tends to pitch it to you as a rare chance and completely necessary for your child, claiming that they won’t be able to purchase insurance once they come of age because of costs. While true in some cases, in the end you have to take a long look at these offers first.

Since life insurance is typically purchased for the people who earn the most money in the family, losing your teen’s $150 a week fast food cashier income probably isn’t going to hurt your family too much, which takes that reason out.

However, funerals are expensive, and can cost in the tens of thousands of dollars. With teenagers, they can come when the parents are completely unprepared. Rather than getting your teen their own teen life insurance rate comparison, you can add them to your own policy with enough of a benefit to cover funeral expenses in case of a tragic event.