BankRate.com: Buying child life insurance

Posted on August 3, 2018 and updated August 3, 2018 in 1 min read

Eileen McGeough bought life insurance for her two children after her neighbour’s teenage son was killed in a car accident almost 20 years ago. The sudden death and watching the family struggle in the aftermath left McGeough feeling vulnerable. At the time, the young mother knew she wouldn’t have the money on hand to bury one of her own children. For $15 a month per child, life insurance gave her some peace of mind. “You don’t think about these things until something happens,” says