Child Education Plan

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Child Education Plan
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Child Term Life Insurance - Does Your Son Or
Daughter Need Coverage?
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• Child Education Plan is the most affordable
  option for insuring minor children and works much
  like adult term coverage, though often the
  insured amounts are less for children than they
  are for the breadwinner or caregiver of the
  family. Insurance for dependents just as
  important to a growing family as food and
  housing. It helps prepare for the unexpected, and
  cover any funeral and memorial service costs that
  might arise from the death of a child.

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• Characteristics of Child Insurance Policies
• Child term life is one of the most affordable
  types of insurance, with consistently low
  premiums. It does have a few disadvantages that
  go along with the low rates. Child term life runs
  for a certain period and the low rates remain in
  force until the policy expires and the rates do
  not change. After the term expires then the
  premiums for kids' coverage can be raised and
  often are. Unlike whole life insurance, all term
  life policies do not accrue cash value and hence
  can't be considered an investment. Instead, this
  insurance policy should be viewed as risk
  protection for minors. The very low premiums for
  a healthy child make it attractive to many
  growing families.

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• Cost of Term Coverage for Children
• It is true with Child Education Plan policies, as
  with adult term life insurance that the younger
  and healthier the insured person is, the lower
  the rates will be. Child term life policies
  carries the lowest rates of almost any insurance
  policy. The cost of child term coverage will vary
  from provider to provider and longer term
  policies will cost more normally than shorter
  term life insurance policies.

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• Children's term coverage is available from almost
  all brand name insurance carriers. The more
  established the company is the higher the
  premiums are likely to be but the more flexible
  the terms can be as well. Some persons choose to
  contact individual providers one by one to
  determine the costs and provisions of child term
  policies with various providers.
• The internet has made that easier with many
  insurance carriers offering online tools that
  will provide the potential client with a quote.
  Many reputable online insurers offer instant
  quotes based on a few pieces of personal
  information. Such sites can be time savers and
  allow for comparison for amounts as well as for
  how long the child term life insurance will run.
• Source-http//bit.ly/2n3IvDn

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