
856-Friday Q&A: Career Change, Whole Life Insurance, Rentals, House Money
Radical Personal Finance
00:00
Getting Whole Life Insurance for a Child Versus Variable Universal Life Insurance
If you wake up a year from now and you're debt free, now you can say, what kind of career would i really enjoy? And then try it. A whole life insurancen at is a contract with an insurance company for them to pay you a guaranteed death benefit when the child dies. With the exception of a small, basically burial writer, whicho can add on to an employer contract life insurance program of some kind, you cannot get term life insurance for children. Once your children turn 18, you can, but you can't for children over the years,. i've never found a company offering it, a real term life insurance.
Play episode from 22:13
Transcript


