Buying Life Insurance for Children: Does It Make Sense?

When people think of life insurance, they typically imagine policies designed for breadwinners, those whose income supports a household. It may seem counterintuitive, then, to consider buying life insurance for a child. Yet, despite some controversy, there are scenarios where purchasing a life insurance policy for a child can offer long-term financial and emotional benefits. If approached thoughtfully, it can be an important piece of a broader financial strategy.

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