This post is the third in a series of 10 that covers each point of the MSN Money top 10 mistakes and hopefully will elaborate and add a little new parent thinking to the equation.
Money Mistake 3:
Buying Life Insurance for Baby
If an insurer tries to peddle you life insurance for your kid, walk away.
I couldn’t agree more. There are many justifications that an insurance salesperson will try and use to make a life insurance policy on your baby look like a smart idea, but the truth of the matter is that it is one of the worst finanacial steps a new parent could take.
Part 2: Shrugging off disability Insurance
Part 4: Delaying saving for college
[tags] parent, money, mistakes, savings, insurance, life insurance[/tags]
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