Cover College Costs And More
A child life insurance policy used to be sold with the express purpose of using the cash value of the policy to pay college costs.
The policy used was an endowment policy for 15 or 20 years.
It didn’t take too long before people became aware that this was not really a profitable undertaking.
These policies are no longer used much for juvenile life insurance.
Shop and compare Insurance Rates from 100’s of the Top Carriers. Get The Best Quotes Possible – Save Up To 70%.
Child Life Insurance – Juvenile Life Insurance
The introduction of Money Market funds and Certificates Of Deposit just about killed the juvenile life insurance idea. You get a better return from your Certificates Of Deposit or Money Market investments.
They don’t have a death benefit attached but people who invest in these college funds don’t really buy them for the death benefit anyway…
The life insurance industry have progressed considerably and with the introduction of variable life insurance policies and variable universal life policies it may be worth your time to again take a look at life insurance as a possible vehicle through which to accumulate money for college education…
The great advantage to what could be called the new child life insurance type of policy is that you get to choose your investment portfolio. Your money is invested in stocks, bonds, mutual funds, money market funds and certificates of deposit.
You decide which portfolio you want to invest in. Although a life insurance policy is attached you have the option of keeping your life insurance at bare minimum. Some of these plans give you a very good return on your money.
You also have the option of putting the policy on your life and earmarking the cash value to paying college costs for the child.
So child life insurance is very much alive again. It is better than it ever was. These policies can only be sold by prospectus. You should read it very carefully before you invest your money.
The agent is required by law to have an N.A.S.D license, in addition to his life insurance license, in order to sell these types of policies.
Can you think of anything more important than your Family’s Security? What would happen to Your Family if you died? Would they be provided for? Compare Quality Life Insurance Quotes from Quality Carriers and Save.
Life Insurance Quotes Life Insurance Coverage Child Life Insurance Variable Annuities Universal Life Insurance Annuity Mutual Funds Affordable Life Insurance Financial Planning Whole Life Insurance Retirement Planning Estate Planning Affordable Term Life Insurance Mortgage Insurance Universal Life Insurance Long Term Care Insurance Disability Insurance Whole Life Insurance Quotes Cheap Life Insurance Life Insurance Companies Fixed Annuities Life Insurance Policy Cheap Term Life Insurance Term Insurance Term Life Insurance Quotes Online Life Insurance Low Cost Life Insurance Life Insurance Policies Term Life Insurance Rates Low Cost Term Life Insurance Non Medical Life Insurance No Load Life Insurance