4 Reasons Why We Should Insure our Children?

calgary Life Insurance Quotes

It really can set them up for a more financially secure future

This is a difficult conversation, but it is something that should be discussed.
Here are 4 reasons why you should consider insuring your children & grandchildren:
1. Guarantee insurability for the future. Just in case down the road, as an adult, they become uninsurable not only because of health issues but also because of lifestyle choices such as skydiving, bungee jumping, paragliding or drug usage.
2. It’s a wonderful legacy gift to be able to provide your child with a fully paid up permanent insurance policy as an adult, with cash value. Many insurance companies include an option for your child to increase coverage as an adult. This is great because they don't have to qualify to get it. The kids can eventually borrow against the cash surrender value of a permanent policy. This is how we bought our first good used car after we got married.

3. If the unthinkable happens then having insurance on your child will help ease the financial strain of funeral expenses. Dealing with a tragic loss does not need to be compounded by financial stress. Having proper protection in place allows you to take the necessary time off work to grieve.
4. It is very inexpensive. Especially if the policy is taken out at a young age. Permanent insurance works best and can be paid for in full within 20 years or less and will continue to grow in cash value for years to come. It's also a great strategy to grow money on a tax-sheltered basis. 
If you would like to explore some options and prices give us a call or send us an email.

We help our clients create sustainable, predictable, and tax-efficient cash flow for retirement, to ensure they never have to worry about running out of money.

Want to retire in the next few years? Learn more about our services and book an appointment.


Retirement Income & Investment Planners,

Willis & Nancy Langford






Share This Post:

Related Posts

Latest Testimonial

If you are nearing retirement, newly retired, or well into that stage of life and need some honest, reliable financial advice and tax planning services, I highly recommend Willis and Nancy Langford at Langford Financial. I have been working with them since the fall of 2020 and am really happy I made the switch.

I needed much better advice than I was getting from my new bank rep as I was actively preparing for retirement. I found Langford Financial online and booked a review meeting. I was happy that I was sent a complete list of all the information that would be needed prior to my initial meeting so I arrived prepared.

From that initial meeting, I decided to have Willis prepare a retirement plan for me. After we reviewed everything he had prepared, I felt much more confident in what was to come financially during retirement and how I could manage it. That's when I decided to transfer my investment portfolio from my bank to Langford Financial so they could manage it with and for me. I felt they really had my best interests at heart.

It was a pleasant surprise that their approach combined both income planning for retirement and tax planning for both the immediate future and well into retirement. This has proven to be very helpful as it has ended up saving me a lot of money (a lot!) by using credits that had been missed by the company I previously used to prepare my taxes.

I really like working with Willis and Nancy. They are very quick to answer any questions I have and can accommodate virtual or in-person meetings based on what is needed. They also produce a regular newsletter that I really enjoy. It has lots of tips in it and some very good in-depth information that helps me make better decisions---or at least ask better questions!

Moving to Langford Financial was a great decision for me. It has lead to better financial planning and decision-making and much greater peace of mind for me at this time of life.
Sharon Stroick
Full Service Client Since 2020

Contact Us

Questions? Comments? Call us today at 587-755-0159 or fill out the form below:

Have Questions? Call Us Today At

Call Us

Join Our Newsletter