It's true that you can start a life insurance policy for a child as young as 14 days old, and they can maintain it up to age 121.
These juvenile policies earn the same rates of return as adult policies, making them a valuable financial tool.
Additionally, many insurers now allow parents to get life insurance for their children, even if they don't have coverage themselves, with coverage limits typically around $250,000.
This is a recent change that offers families more flexibility. Follow for more financial insights.
Comment "Life" to book a consultation to get this set up for your child or grandchild.
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