Okay, so here’s the thing:

While it might seem strange—or even a little bit morbid—purchasing life insurance for newborn babies has actually become quite popular over the last few years. I know that the thought of losing a newborn is absolutely unthinkable, but I want you to keep in mind that life insurance is not only about providing a benefit for the death of the policyholder.

Many types of permanent or whole life insurance policies are actually designed to mature after a certain number of years, then, a payout goes to the beneficiary.

So, for a newborn, for example, this means that the policy might mature during their college years, which can provide funds for education—or maybe even a little nest egg for starting a new family. That could be an awesome thing. Plus, because the policy is being purchased for a newborn, the premiums are likely to be very affordable.

So, if you want to learn more about how a life insurance policy can help provide for your children, the smart move is to schedule time with an insurance agent that you trust—they’ll help you set up a great policy!

Let’s discuss your retirement and annuity options! Call us at (443) 458-5214