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Child Life Insurance - Vestal, NY and PA

Be prepared for the unthinkable.

Child life insurance with an office in Vestal, NY, serving all of New York and Pennsylvania.

No one wants to consider the unthinkable, so talking about child life insurance can be difficult. But, there are advantages to this type of coverage that you might not be aware of. We’ll talk you through the basics of a child life insurance policy to help you decide if it’s right for your family.

While life insurance is usually associated with breadwinners, there are some good reasons to get it for a child. But, it’s very much a case-by-case product, so it’s worth getting expert advice.

Child life insurance is usually a whole life policy that starts much earlier in life than usual. It has three main advantages.

  • One is that it can cover funeral costs, counseling and leave from work in the tragic event that your child dies.
  • The second advantage is that it can act as a form of savings, particularly for college fees. Most child life insurance policies build up a cash reserve that you can either withdraw (for a fee) or use as security on a loan. In most cases, the growth of this cash reserve is at a guaranteed rate.
  • The final advantage is that starting a policy now reduces the risk of your child having trouble getting a policy themselves as an adult if they’ve developed a medical condition in the meantime.

How relevant and significant these benefits are will depend on your financial circumstances, your other savings and investments and your attitude toward risk.

To get more insight into whether child life insurance is right for your family, contact us today.

Let’s discuss your child life insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate child life insurance solution. There’s no obligation, just good-old-fashioned advice.
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Empire Insurance Agency offers comprehensive child life insurance throughout New York, including Broome County, Greater Binghamton Area, Triple Cities, Southern Tier of NY, Binghamton, Johnson City, Endicott, Endwell, Vestal, Apalachin, Owego, Maine, Newark Valley, Chenango Bridge, Chenango Forks, Conklin and Susquehanna Valley. Also throughout Northeast PA, including Susquehanna County, Hallstead, Great Bend, Montrose and New Milford.
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