No one likes to talk about it because no one wants to entertain the thought. Parents dare not imagine for a single moment the possibility of one of their children receiving the diagnosis of a critical illness or passing away.
Yet, not talking and not thinking about the financial consequences of unfortunate events such as a critical illness or the death of one of our children, does not make the possibility of these situations less likely. Having sufficient and appropriate insurance coverage for parents and children is an integral part of family financial planning.
Besides funds to cover funeral expenses, insurance for children will provide the financial cushion to obtain additional medical care for your child and allow parents to take time off work to cope with such an ordeal.
Of course, parents should ensure that their own insurance program is in place prior to considering insurance for their children. To receive our complimentary publication or learn more on the subject, contact your insurance licensed Richardson GMP Investment Advisor.