When the insurance company I choose was ready to sell me a policy for my child, they find out my child has juvenile diabetes, I was not be surprised when they turned me down. When you are turned down for life insurance, it is a disheartening feeling. Your thoughts are, if you cannot get a policy for your child when they are young, how they are going to get one when they are an adult.
A youngster can have any number of illnesses such as, diabetes, joint pain or juvenile rheumatoid arthritis or JRA. These diagnoses are not going to disappear. These diagnoses must be managed throughout the child’s life. Some insurance companies feel that the child is only going to get worse as they reach adulthood, which is why many get turned down for preexisting conditions.
There are hundreds of various life insurance companies on the market today. You can buy a good life insurance plan for your child. The important thing to remember is to buy that life insurance before the child gets any older. If you are able to lock in a low insurance rate early, the rate will not change and is better managed as the child becomes an adult.
Find a trusting, licensed life insurance agent and let him or her find a policy that will help your child as they grow. If the policy is large, enough the child can borrow built up funds for college. Funds are also available for emergencies. Contact us today, we can help you with your child’s policy at a rate you can afford.