Discusses Term Life Versus Child Life Insurance

Share Article

Following a question and answer article written on August 24th in the News Observer titled “Child Life Insurance Not the Best Investment for Young Families,” Jonas Insurance Advisors discussed the differences between term life and life insurance for children.

After an article was published on August 24th in the News Observer titled “Child Life Insurance Not the Best Investment for Young Families”, Jonas Insurance Advisors took to the keypad to discuss the differences between term life insurance and life insurance for children, denoting the importance of term life insurance and the futility of child’s life insurance, citing the purposes for each drastically different. Though life insurance regulations and patterns are different in each state, the greatest differences between term life and child life remain the same.

Holly Nicholson, in her above-mentioned article about child life insurance, answered the question of whether child life insurance was a necessary source of insurance or a foolish one. A concerned reader sent in a question describing the multiplicity of ads for child’s life insurance, asking whether it was a wise decision to purchase child’s life insurance. Nicholson discouraged the parents from considering child’s life insurance, reasoning that high premiums and the unnecessary replacement of income render child life insurance foolish. supports Nicholson’s claim that child life insurance is not necessary, instead encouraging readers to consider term life insurance. Maine companies, for instance, offer services to consumers intended to replace lost income or provide money for personal funds that would otherwise have been supplied by the insured. Child life insurance aims to cover funeral costs and little else; paying extensive amounts of money for a policy over a long period of time is unwise, as the money spent will undoubtedly have covered the funeral costs central to child life insurance policies. Maine term life insurance aims to provide consumers with a flexible, inexpensive means of ensuring that loved ones do not suffer monetary damage in the event of an untimely death. This is the case in all states though each state possesses different regulations and procedures. Selecting a term life insurance policy will prove a greater use of money than a child life insurance policy.

Holly Nicholson is the regular writer of Money Matters, a feature on the News Observer. She is lauded for her work, inspiring a slew of letters when the hiatus of her article series was announced. Nicholson provides readers with advice regarding personal finances, including investments, insurance, and budgeting.

Following an article discussing child life insurance, urged readers to consider term life insurance rather than child life insurance. This is, in large part, due to the intentions of each policy; child life insurance aims to provide adequate money for funeral services and is typically unnecessary, while term life insurance strives to replace lost income and add money to personal funds set aside for loved ones. Though states regulate insurance company practices, which type of insurance to select is left up to the consumer. Purchasing term life, whether it is Maine term life insurance or Florida term life, will likely provide greater benefits for a smaller fee.

About Jonas Insurance Advisors: is an online resource for news and advice regarding personal finances, including money management, insurance choices, and investment decisions.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jonas Insurance Editor
Visit website