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You want to ensure your little one has everything they need, no matter what. Purchasing a life insurance policy is smart when you welcome a little one. At McCormick Insurance Inc., serving Pembroke Pines, FL, our team is here to help you make sure you have the coverage you need to protect your kiddos.
When Can You Take Out a Life Insurance Policy for Your Child?
Good news! If your baby has been born, you can take out a life insurance policy. Most life insurance policies require the beneficiary to be at least 0 days old, making it simple to update your current policy as soon as your child is born. An important note: if your child is under the age of 18, your policy may require that any payouts be disbursed to their parent or guardian until they’re an adult.
If you want your minor child to be your primary beneficiary, it’s a good idea to talk with a lawyer about any steps that you need to take to make sure they receive funds directly if you pass away.
How Much Life Insurance Do I Need?
Working with a financial advisor or a life insurance agent is the only way to understand how much life insurance coverage you need properly. You’ll need to consider any existing financial resources (such as savings or investments) as well as your current financial obligations.
McCormick Insurance Inc., Serving Pembroke Pines, FL Residents
If you’re looking for a life insurance policy to give you the peace of mind that your loved ones will be protected in the event of the unexpected, we’re here to help, and we’re proud to serve the Pembroke Pines, FL community. Reach out to us today to learn more.