Best Insurance Plans for Children: What Parents Should Consider

[Nomad]

If you are a parent worried about your child’s future, especially related to education and finance, getting the right insurance plan can help you prepare financially. But which one should you choose? In my opinion a great option is a child endowment plan, this plan combines life insurance with a savings component. If you buy a 15-year plan when your child is born, upon maturity your child can use the money for college education, health needs, or even to start a business.

 

[Lolita]

My parents chose a child life insurance plan with savings benefits, combining protection and future funds for education. It wasn’t flashy, but gave peace of mind. By the way, what Would you prefer, pure coverage or investment-linked options?