Child Life Insurance California CA
Reader’s Question:
I am a single parent who just moved to California. I already have my own life insurance. Would it be a good idea to purchase a life insurance for my 10 year old son?
Fred
Anaheim, CA
Yes. I did the same for my child. Why buy for your child too? Because the earlier you begin, the lower the costs will be and, in the case of permanent life insurance policy, the longer time it has to accumulate cash value. By doing so, you are also protecting the child in case his health or other factors become a barrier in qualifying for life insurance in the future.
There are insurance companies in California that offer life insurance for children from 15 days to age 17 – all for a few dollars a month! With minimal withdrawals for premiums, you can give your child, or even grandchild, all the benefits.
There are also special riders available that waives premiums in case of your premature death or disability. Choose your policy well and search for a stable insurance company to get your child’s life insurance planning started right.
For complete information, contact your local agent in California…or you can start by typing your zip code on the form located on this site.
Smoker Life Insurance California CA
Reader’s Question:
When I bought my life insurance 2 years ago, the policy issued to me was a smoker rating. I have already decided to quit and I have not been smoking for more than a year. Can I inform my insurance company that I quit smoking so that my premium would be reduced?
Cynthia
Los Angeles, CA
Yes. It is definitely do-able Cynthia. By informing your life insurance company in California that you already quit smoking, you may be placed into a non-smoker rate. Most insurance companies in California require a minimum of one year for smokers to quit. You will then be submitted to a nicotine test prior to changing the rate.
Most people would contact their California life insurance agent or life insurance company if their policy was issued at a “Smoker” rate and they have now stopped smoking, to get a lower premium.
And so can you!
As long as you are certain that you have quit smoking, then by all means, contact your agent as soon as possible to save you a few dollars on premiums.
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