As you become parents, you are often faced with new costs. Diapers, food and eventually preschool are all additional costs you may have never had beforehand. One item that often is not a popular discussion topic is if you should get life insurance for children. This is no easy discussion to have. The thought of a child passing is not something anyone wishes others to have to deal with. It can be one of the most painful experiences to go through.
It is important to plan ahead. One of the best options out there is a program run through Gerber. You are able to pay a monthly fee into an account that is both a college savings fund as well as life insurance. This way, no matter what the outcome is, you will be able to use the money to take care of costs related to your child.
Protect Your Family
A program like Gerber’s or child life insurance is protection your family needs from things that happen during life. The cost associated with a love one passing can be astronomical. Life insurance can protect you from going into debt. That is why a life insurance program is the best option. If protects you and your family.
Why Use a College Fund Based Program?
No one expects their child to pass away. So by using a program that doubles as a college fund savings account you can kill two birds with one stone. The cost of college tuition has sky rocketed over the last ten years with private universities charging upwards of $40,000 a year for tuition. The average American cannot afford to send their child to college at that price and many students end up taking out loans and getting into debt. By going with a program that is both life insurance and a college fund, you protect yourself and your family while also providing for your child’s future. It is the right choice to make sure you are financially stable going forward.
Who Else Offers Child Life Insurance?
Gerber is not the only provider of this type of life insurance. Companies such as StateFarm and Metlife offer programs for as little as a few dollars a month. Both companies are regarded as top insurance providers and are often at the top of our insurance provider rankings. Insurance is also available through many small, mom and pop type insurance providers that specialize in life insurance.