Should I get life insurance for my almost 18 year old daughter? What type do you recommend?
Answers | 4
Insurance protects us against a loss of some kind - life, ability to work, a home or car. So it's important to know what loss you are trying to address regarding your 18 year old. Loss of life and paying funeral expenses are common concerns as well as financial stability due to a disability. And finally, not losing the ability to purchase insurance in the future.
The other important question is "what you can afford to pay?" Common mistakes consumers make are buying more insurance than is needed or what they can afford to pay.
Bobbie, if you are not comfortable addressing the questions alone, reach out to a local insurance agent in your area. Take your time with him or her, and find a product that meets your concerns/needs and is affordable.
Thanks for reachong out and I hope my answer was helpful,
I could keep going but I hope you get the idea. Whole life is a living plan that works for them while they are alive and provides when they pass, because while it does all these great things while they grow, it helps you if something happens. Mainly it allows you the time to grieve without worry about costs of services or missing work or settling debts.