The thought of losing a loved one is crippling and tragic. No one ever wants to have to wonder what would happen after the fact. However, the COVID-19 pandemic has since brought these fears into a reality for a lot of people all over the world. In a time of mourning, the last thing anyone wants to do is bear the weight of financial stress. Life insurance ensures that if anything happens to you or a family member the costs can be covered. That could include medical expenses, funeral costs, and living expenses going forward from the loss of that person you depend on financially.
Because of the pandemic, an uptick of life insurance for babies has increased due to the unknown of what catching this virus could accustom to. The benefits of having life insurance for babies is that it will give you the funds for funeral costs, offers guaranteed insurability for life, and has a cash value. The younger the child, the more affordable the locked in rate will be. Most people acquire life insurance for newborns because of the affordability.
If you are wondering if you should get life insurance for your newborn, contact a professional agent at Wheelers Insurance and we can go over options to see what is best for your family.