Should You Buy Life Insurance For Your Kids?

During a discussion with some parents who attended my talks, one mother told me that she purchased a life insurance for her only child and that she has been paying for its premiums for more than 5 years already. This assured her of a “better” financial security for her daughter.

Unfortunately, after consulting some unbiased financial planners and doing my own research about life insurance (or VUL) for children, I’ve concluded some important points that parents like me should consider with extra care before making decisions in choosing the right financial instruments for their children’s future.

My personal answer to the question (and the title of this article) is… Continue reading Should You Buy Life Insurance For Your Kids?

“Mom, Dad, Are We Rich?”

“Dad, how does God look like?”

“Mom, if babies are made in heaven, how did i get into your belly?”

You probably have been caught in this awkward and weird situation with your child, or your niece or nephew. Sometimes you wonder why the toughest questions in the world come from them.

Would you lie or would you tell the truth? How would you explain the existence of God or reveal intimate details about two adults living as one as a married couple? How you wish you can Google or Wikipedia the answers to them on the spot. Continue reading “Mom, Dad, Are We Rich?”