Children's Foundations Planning
Children’s foundational insurance plans provide financial security, future insurability, affordable premiums, supplemental financial support, and peace of mind for children and their families. However, if not handled properly, these plans can lead to insufficient coverage, policy lapses, limited coverage scope, and failure to review and update policies. It is crucial for parents to assess insurance needs accurately, choose suitable coverage, maintain regular premium payments, and review policies periodically to ensure the proper handling of children’s foundational insurance plans.