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Ask Dave

Insurance For Children?

If you have a rider on your term life insurance policy, that's enough because you really just need enough for burial costs.

QUESTION: Karen asks if she should keep life insurance on her young children.

ANSWER: If you’ve got a rider on your life insurance for your children, you should keep it and that’s enough.  If it’s a whole life policy that you bought to invest for their college, you should close that immediately and get a good rider on your term life policy. A good rule of thumb with kids and life insurance is just having enough on them for burial costs.

Do You Have the Right Coverage? 

Do You Have the Right Coverage? 

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup

Do You Have the Right Coverage?  

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup