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?