Life Insurance for a Newborn Baby - Does it make sense to buy them? There are so many mother to baby products that advisors recommend but I learnt that whole life for baby is a rip-off.

KEY TAKEAWAYS
"Since life insurance compensates families for the loss of a breadwinner, a policy on a non-earning infant doesn't make sense in most cases.
A small policy on a child's life can, however, be a way to cover expensive funeral costs or unreimbursed medical expenses.
Many adult life insurance policies offer child riders for only a few dollars a month."

https://www.investopedia.com/articles/fa-profes...

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tze

20 Jun 2022

Application Specialist at BOI

Personal choise. After you buy the medical & PA, then can consider Life insurance. More important is to include the early CI, which make ur child life easier when grown up

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Alvin Lee

24 Mar 2022

I will suggest that you consider to buy insurance from FWD or SingLife for the purpose of medical, accident, TPD and CI. And look at robo advisors like stash, syfe and squirrelsave to build the education funds.

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VicT

17 Mar 2022

If you have limited funds, try to consider the following instead

Additional Medical Insurance fo...

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