Issue link: http://read.dmtmag.com/i/74535
6 Reasons Why Life Insurance for Our Children Makes Sense It is every parent's worst nightmare – the thought of something happening to a beloved son or daughter. That is undoubtedly why even thinking of life insurance for a child is a diffi cult proposition and the facts prove this to be true. According to the American Council of Life Insurance about 15% of people under the age of 18 have life insurance, a fi gure that has changed little over the last 10 years. Even insurance professionals and the companies they represent are divided on this sensitive issue. However the weight of sound reasoning stands on the side of protecting a child and starting them on the road to acquiring knowledge of fi nancial products and fi nancial planning skills, the benefi ts of which are vitally important in adulthood. FRATERNAL BENEFITS First of all, insuring a child with a fraternal society like National Catholic Society of Foresters (NCSF) qualifi es the child for membership benefi ts not available in the commercial insurance market. These NCSF benefi ts include college scholarships and tuition grants for the Catholic education we all want for our children ... fraternal benefi ts teach them the values of meaningful service in our parishes and communities. 2 Summer 2012 — www.ncsf.com COVERAGE FOR A LIFETIME Most people purchase permanent life insurance later in life when the defi nition of a "lifetime" is shorter. Prior continued on page 28 27 1