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limommer
LIF Adult
Member since 2/10 1073 total posts
Name:
Meredith
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Life insurance policy on your dc
If you have one how much do you pay and what is the policy? Thanks
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Posted 4/13/11 12:26 PM  |
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Xelindrya
Mommy's little YouTube Star!
Member since 8/05 14470 total posts
Name:
Veronica
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Re: Life insurance policy on your dc
I have one through my company
I know I should get one on the side..
Right now I pay $0.68 a month .. my employer pays the rest. I get $100,000 of life insurance for AJ.
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| Posted 4/13/11 12:34 PM |
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MarisaK
HELLO Manolo !!
Member since 5/06 14562 total posts
Name:
Marisa
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Re: Life insurance policy on your dc
Right now I only have about $10k in term that's an automatic on one of mine & Dh's policies -
I'm going to look into getting him a substantial whole life policy while he is still so young b/c the premiums are pennies -
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| Posted 4/13/11 12:35 PM |
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limommer
LIF Adult
Member since 2/10 1073 total posts
Name:
Meredith
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Re: Life insurance policy on your dc
Posted by Xelindrya
I have one through my company
I know I should get one on the side..
Right now I pay $0.68 a month .. my employer pays the rest. I get $100,000 of life insurance for AJ.
Wow that's excllent!
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| Posted 4/13/11 12:37 PM |
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jtotheo
LIF Adult
Member since 11/08 1070 total posts
Name:
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Re: Life insurance policy on your dc
i got quoted 9 bucks a month for $30,000 whole life policy
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| Posted 4/13/11 1:47 PM |
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sj-girl
Happy Family of 4
Member since 5/08 5654 total posts
Name:
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Re: Life insurance policy on your dc
I have a ryder on my life insurance policy for DS. It cost $25 for the year and its 15k in coverage.
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| Posted 4/13/11 1:49 PM |
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JsWife
His laugh, Her smile
Member since 12/06 2902 total posts
Name:
Patricia
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Re: Life insurance policy on your dc
Maybe this is a dumb question - but why would you need life insurance for a child?
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| Posted 4/13/11 1:55 PM |
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LoveyQ
Stalkers, get a life.
Member since 11/07 12820 total posts
Name:
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Re: Life insurance policy on your dc
Posted by JsWife
Maybe this is a dumb question - but why would you need life insurance for a child?
Because sometimes, the unthinkable unfortunately happens 
Also, some people get whole life with a return option and it's like a savings for the child when they get to the end of the term.
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| Posted 4/13/11 1:57 PM |
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sj-girl
Happy Family of 4
Member since 5/08 5654 total posts
Name:
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Re: Life insurance policy on your dc
Posted by JsWife
Maybe this is a dumb question - but why would you need life insurance for a child?
I purchased it for IF the god forbid something ever happened to DS , it would cover the expenses. I don’t have that amount of money is savings and honestly couldn’t fathom putting that on a credit card and making that monthly payment
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| Posted 4/13/11 1:58 PM |
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A3CM
Avatar Title
Member since 9/08 3762 total posts
Name:
Mommy
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Re: Life insurance policy on your dc
i have a whole life policy on both children... we pay about $378 annually. i would have to look to see who its through...
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| Posted 4/13/11 2:10 PM |
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jtotheo
LIF Adult
Member since 11/08 1070 total posts
Name:
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Re: Life insurance policy on your dc
Posted by JsWife
Maybe this is a dumb question - but why would you need life insurance for a child?
I am not getting a policy on DD because of the "what if" factor. I am getting this because one day her term life policy will run out (when her kids are grown and mortgage is paid off) and she will have this whole life policy to rely on.
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| Posted 4/13/11 2:22 PM |
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skinny
3 boys and a princess!
Member since 11/08 8178 total posts
Name:
Momma
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Re: Life insurance policy on your dc
An interesting thing to consider...
An insurance guy told me that he took out policies for his triplets immediately after they were born. One of the three is autistic and won't be able to qualify for another policy on his own (ever). Because the policy was taken out before he was diagnosed, he will have it for life.
I, personally, wish I had done this as soon as the boys were born. Hunter may have trouble getting life insurance later in life because of the surgery that he had back in December.
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| Posted 4/13/11 2:25 PM |
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littlebeanz
LIF Adult
Member since 7/10 1667 total posts
Name:
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Re: Life insurance policy on your dc
why dont they give life insurance if your autistic...just wondering
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| Posted 4/13/11 2:35 PM |
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mamabear
LIF Adult
Member since 3/08 4539 total posts
Name:
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Re: Life insurance policy on your dc
we have one through gerber. it's a 25k whole life insurance policy. i dont know what it costs because DH handled it, but i remember it was very little.
we have it because i think it has some sort of savings value that they can use when they are older. they will have it for themselves and for their family when they are older. whole life insurance is good to have, and gets expensive when you are older. i have a term insurance for myself and dh for the kids.
i didn't get it because of the worst case scenario with them. i wouldnt need anything moneywise. my heart would be shattered and it wouldnt help at all.
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| Posted 4/13/11 2:35 PM |
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karacg
Babygirl is 4!
Member since 5/05 17076 total posts
Name:
Kara®
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Re: Life insurance policy on your dc
No, we have insurance on ourselves and a trust set-up.
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| Posted 4/13/11 2:37 PM |
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: Life insurance policy on your dc
Posted by littlebeanz
why dont they give life insurance if your autistic...just wondering
IDK if they dont, I think its just a rated, which is applicable to anyone appling for life insurance for having high cholestrol, overweight, etc.
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| Posted 4/13/11 2:42 PM |
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: Life insurance policy on your dc
Posted by skinny
An interesting thing to consider...
I, personally, wish I had done this as soon as the boys were born. Hunter may have trouble getting life insurance later in life because of the surgery that he had back in December.
Not necessarily....again, it just might be rated. Most likely, it wouldnt even be looked at esp if he applies for it as an adult.
But for everyone KEEP in mind, its life insurance and any medical conditions can be a risk that most companies dont want to take on.
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| Posted 4/13/11 2:45 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: Life insurance policy on your dc
Posted by JsWife
Maybe this is a dumb question - but why would you need life insurance for a child?
Because if later in life they are diagnosed with a disease, such as diabetes, they will never be able to get life insurance. It's happened to friends of ours - the only policy he has is the one his parents took out for him when he was born.
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| Posted 4/13/11 2:45 PM |
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limommer
LIF Adult
Member since 2/10 1073 total posts
Name:
Meredith
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Re: Life insurance policy on your dc
Posted by jtotheo
Posted by JsWife
Maybe this is a dumb question - but why would you need life insurance for a child?
I am not getting a policy on DD because of the "what if" factor. I am getting this because one day her term life policy will run out (when her kids are grown and mortgage is paid off) and she will have this whole life policy to rely on.
Ditto its more of an investment for Ds setting him up for his future
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| Posted 4/19/11 7:24 AM |
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Agape08
LIF Adolescent
Member since 10/08 807 total posts
Name:
Kathy
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Re: Life insurance policy on your dc
Posted by skinny
An interesting thing to consider...
An insurance guy told me that he took out policies for his triplets immediately after they were born. One of the three is autistic and won't be able to qualify for another policy on his own (ever). Because the policy was taken out before he was diagnosed, he will have it for life.
I, personally, wish I had done this as soon as the boys were born. Hunter may have trouble getting life insurance later in life because of the surgery that he had back in December.
Wow, I never thought of this! I was going to hold off a few more months to get the whole policy but I guess the sooner the better! I just have 10k through work right now.
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| Posted 4/19/11 7:35 AM |
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Peainapod
Peanuts are here!
Member since 1/09 13591 total posts
Name:
Diana
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Re: Life insurance policy on your dc
I have the Gerber Life plan. i think its a $15,000 policy for like $8.00 a month.
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| Posted 4/19/11 7:41 AM |
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