Are you thinking about buying a life insurance policy on a child or grandchild, but aren’t exactly sure what the benefits of this purchase are? Fundamentally life insurance is a transfer of risk, and in most cases it’s a transfer of risk from the insured to the insurance company for the case of premature death.
![Benefits of Life Insurance for Kids](https://tier1capital.com/wp-content/uploads/2021/05/Kids-1-760x428.png)