Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Child Insurance Plans - Ensuring a Stable Future for Your Child

By Puneet Subscribe to RSS | December 4th 2011 | Views:
loading
 
  



All responsible parents have obligations to their child. One of the main obligations of parents is to ensure that their children have financial stability. If something happens to the parents, the child must have some type of security. Child insurance plans are one of the most effective ways of providing for the future of a child especially in unfortunate events such as the death of the parents.

Even though there are many child plans available on the market, it can be a difficult task for most parents to choose the right child plan for their child. In order for parents to make the right decision, they need to understand each aspect of planning for their child’s future. The main focus should always be the financial stability of the child. When choosing a child insurance plan, parents should always make sure that they take the education of the child into consideration as well as health insurance and even pension plans for the child. Some parents even take the marriage of their child and the provision of seed capital for starting up a business into consideration when choosing a child plan.

There are a few factors to consider when choosing a child insurance plan. First of all, the age at which the funds will be required for the child will determine the time frame or duration of the plan. Secondly, the amount of funds that parents would like to have available for their child as well as investment capital that they would like to have available for their child will determine the type of plan they choose. Parents should also consider their unexpected deaths or disabilities when choosing a child plan. If something is to happen to them, they should make sure that their child is secure.

The most common plans available are: the traditional plan and the unit linked commonly known as the ULIP plan. There is only one main difference between these two plans – method of investing the premium. Traditional plans invest in government securities and corporate bonds while ULIP plans invest in equity. Traditional plans give parents lower risks and provide stable bonuses to parents. Parents who are at risk might opt for a ULIP plan but the advantage is that over a long period they would have created a considerably large amount for their child’s future since the investments in equities normally beat inflation on a long term basis.

It is advisable for parents to invest in equities to beat inflation thus being able to adequately be able to fund their child’s education or marriage over a long period. Remember, when parents apply for a child insurance plan, it is not meant to be used immediately but after many years once their child is all grown up.

A child insurance plan has much to offer parents whose aim is to accumulate wealth to ensure a stable future for their child. There are many flexible plans available. With sufficient information, parents can make an informed decision to ensure their child’s financial stability and future.

Puneet - About Author:
The author frequently writes about Life Insurance policy by understanding the financial benefits available in the Indian market. His articles focus on different savings plan and health insurance online empowering readers to make informed choices.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/child-insurance-plans-ensuring-a-stable-future-for-your-child.htm

Related Insurance Articles Subscribe to RSS

Compare Cheap and Affordable nevada long term care insurance Quotes Online
Published by Kym Dicken on November 30th 2011 | Insurance
Long-term care insurance has become very popular in the United States and many other countries with ...
 
Car insurance quotes have real importance in buying car insurance
Published by Stevediaz on April 19th 2012 | Insurance
As the need of car is increasing day by day similarly the insurance policies is also demanded by mos...
 
How to find affordable auto insurance for your child
Published by Jerry on March 14th 2012 | Insurance
When you need to get a car for your child, chances are that you may want to make sure that it is as ...
 
Debt management plan why to opt for one
Published by Ashish Pandey on February 2nd 2012 | Finance
Debt management plan when used properly can help you to get the best of debt solutions....
 
Affordable medical insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
Medical treatments and preventative care are not cheap. For the 40 million citizens of the United St...
 
Buying child insurance not an impulse decision
Published by Soloman on November 28th 2011 | Insurance
There is a bewildering range of choices available today in the child insurance plan market. There ar...
 
Inexpensive health insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
HealthInsuranceAdvisory.org offers Inexpensive Health Insurance rates for most Americans by allowing...
 
Advice to save on Michigan auto insurance
Published by Abil Jack on May 11th 2012 | Insurance
Michigan is the car capital of the world. There are many auto companies in the Detroit area. No wond...
 
Best deals on auto insurance in Oregon
Published by Ronnie Brain on January 16th 2012 | Insurance
All drivers are required to carry their auto insurance when driving in Oregon. It is illegal to driv...
 
Tips to get cheap car insurance
Published by Harrisonford on March 1st 2012 | Insurance
If you are car owner and you know the law then you definitely know importance of car insurance. Car ...
 
Why you should acquaint yourself with auto insurance claim procedures
Published by Jerry on March 14th 2012 | Insurance
If you are straight out of driving school and own your first car, you may not know how to deal with ...
 
Individual medical health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
Individual medical health insurance is something that every man and woman should have, unless they a...
 
Add value to money with commercial liability insurance
Published by Andrew Edwards on December 8th 2011 | Insurance
You must be insured with commercial liability plan, you should look carefully about the risks...
 
Professional indemnity insurance- secure your profession
Published by TimHarris on January 4th 2012 | Insurance
Being a professional is not a kid’s play. One has to serve untiringly to please the customers. But...
 
Alfa Romeo Spider car insurance is not difficult for you
Published by Kaisar on January 2nd 2012 | Insurance
This is not matter which car you are using but if you are the owner for the Brera car so it is vital...
 
Basic need of business insurance rates for comparison
Published by Andrew Edwards on January 11th 2012 | Insurance
If you are planning to buy insurance for business, then at first look at the different business insu...
 
How to do Car insurance comparison before buying a car insurance coverage
Published by Geenadavis on March 28th 2012 | Insurance
The very first thing after purchasing a new vehicle is to get it covered because it is extremely ess...
 
You can get car insurance in Missouri easily
Published by Insurance Inde on January 14th 2012 | Insurance
Missouri drivers are some of the most disciplined in the United States. They highly regard personal...
 
Car insurance and its benefits.
Published by Robert King on January 26th 2012 | Finance
Car insurance is an understanding between the insurer and the insured where the insurer promises to ...
 
Manage your business effortlessly with commercial insurance
Published by Andrew Edwards on February 16th 2012 | Insurance
If you are running a business either it is large or small, then you will understand the importance...