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Remember that story of two parents who had everything one would want from life. But along with those luxuries, they had a good for nothing son who squandered all their money aimlessly until a day came when nothing was left to squander any longer. He cried at his folly till a fairy came, asked him if he had learnt a lesson finally, made him promise that he would never repeat his earlier mistakes and then finally blessed and returned all the wealth he had wasted once. The son worked hard, in due time got married, bought a palatial palace and finally lived in it with his wife and his parents …Happily ever after…

Nice Fairy! Kind, considerate and loving. And magical indeed. But the only hitch is that Fairies and magic continues to thrive only in Fairy tales. Real life? Well that's a different story indeed. And surely, not many fairies or similar souls have the time nor the heart to help in situations like the above. So what steps could responsible and caring parents take in account to ensure the best secure future they could give their child? Child Life Insurance has definitely been one of the highly talked about concepts. Reasons have been different. And there have been certain misconceptions too. Many associate it to the death of their child. Well, lets take a closer look.

Parents most definitely do not ever have the heart to talk or even think about the death of their loving children. But it might interest to know that life insurance isn't all about death. There are many more facets related to Child Life Insurance. And the most important one is building a safe and secure future for your child. It more about building a firm ground which helps in your child's development. The little steps you take today could result into leaps and bounds tomorrow. Lets look at it in the broader sense. Presently you have been blessed with a strong and healthy child. But the uncertainty of the Future lurks. At this stage, life insurance can be obtained at a minimum cost. But if a child develops a problem like a chronic disease or something severe, life insurance can be almost impossible to obtain. So taking up for a low premium term life insurance policy now, with a guaranteed periodic purchase option, provides them a life insurance as adults

They could also obtain a whole life insurance policy, which will last lifelong. Their age and health status won't matter much. Even occupational hazards like army, naval or military service make any difference. Such child life insurance cover provides a perfect plan for the future mainly for the cash value it totals up to. As an adult, they could decide to borrow against this value…or stop the policy and withdraw the money (to use it as per their needs.) Parents, grandparents, and legal guardians can all purchase child life insurance policies. New parents do generally face a number of financial responsibilities during the first few years of a child's life. At this stage purchasing a life insurance, cover for their child is a tedious job. So, grandparents (who might be more financially stable) purchase insurance for their grandchildren.

The coverage for life insurance policy begins immediately when you start it. Medical tests are not conducted. Just a few health queries, which are enlisted on the application form, are addressed to the parents. The child life insurance rates vary. Whole life rates however don't. . Term life rates depend on the policy the age of the child, and some other factors. Policy renewal agreements can also differ, so make sure it's spelled out before signing up for term policies. Some times, you can purchase a term policy and as per your and comforts switch to whole life at the end of the policy's period.Child life insurance policies can last as long as you wish to apply for it. Again, whole life policies for children don't stop. On the other hand, term policies are defined before you buy it.

Parents or legal guardians are the beneficiaries in life insurance policies. But the ultimate gainer is the child. He/she benefits from the security life insurance policy ensures and continues to help him/her even if he/she is diagnosed with any life threatening disorders.

So, don't wait any more. Your child's safety and security is his/her and your primary need. Go for a Life Insurance Policy cover today itself. Because a Secure beginning will ensure a secure tomorrow.