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ABSOLUTELY, for the sake of the grandchild if anything happens to the mother then having some extra money for bringing up the grand child for clothing, education, transportation when the grandchild is of driving age is very, very important plus the funeral expenses of the mother.  Typically the cost for a 20 year level term policy for 28 year old in good health could come to $230 a year for $250,000 coverage. 

Life insurance is a great idea for your young adult child and a $5,000 or $10,000 child rider may be added to the policy to cover the grandchild.  If have any questions or would like a quote please call Flanigan Insurance Agency at 314-727-6000. 

 

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NOTICE: This and all content is developed from sources believed to be providing accurate information. The information in this material is not intended to be used as tax or legal advice. Please consult with a tax and/or legal professional for detailed information regarding your individual situation. Some of this material was developed and shared by Flanigan Insurance Agency Inc to provide information that may be of interest. Flanigan Insurance Agency Inc is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
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