Best Child Plan

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Best Child Plan
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Life Insurance For Kids
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• When looking for life insurance for kids, there
  are several options. Each option is dependent
  upon the purpose of obtaining the Best Child Plan
  and whether or not it is permanently or
  temporarily needed. There are ways to obtain a
  very inexpensive policy that I'll cover in just a
  moment. First, let's take a look at various
  policy types you can buy for your child.

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• Term Life. This is a temporary form of life
  insurance that is best suited for parents that
  are simply wanting to cover death and burial
  expenses, should your little loved one pass away
  unexpectedly. This is typically purchased to
  cover your child during adolescence and into
  early adulthood. A 20 year term policy is common.
  There is however, no benefits to a term policy
  other than strictly death benefit and once the
  policy expires, all monies paid into the policy
  are lost. This is the least expensive coverage.

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• Whole Life. Whole life Best Child Plan has a
  level death benefit that never decreases and
  lasts to age 100. The premiums never increase and
  there is a guaranteed cash value. This cash value
  can be used for education or as loan collateral.
  Whole life policies can be surrendered for their
  cash value at any time after the third year,
  which is when most whole policies begin to build
  this cash value. This is ideal, if you wish to
  purchase a policy for your child and turn that
  policy over to be their responsibility when they
  are of age. They will have the benefit of low
  premiums throughout life and the cash value will
  have been growing and earning interest from the
  date of original purchase.

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• 10 Pay Life. This is a whole life policy that is
  "paid up" in ten years and no further premiums
  are ever required to keep the policy in force.
• 20 Pay Life. The same as 10 pay, except that the
  policy is paid in full in 20 years, rather than
  10. 20 pay is less expensive than 10 pay life.
• Source-http//bit.ly/2nfyIdt

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