Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
September was Life Insurance Awareness Month, but it is always a good time to explore the insurance options that will help to protect your family. And especially when it comes to your kids, it’s never too late to start considering what benefits would enhance their financial future.
When I see my adult clients procrastinating about buying life insurance or making sure their insurance portfolios properly cover their assets, I remind them about the potential benefits of a life insurance policy for their kids.
If you gift your children a life insurance policy at a young age, they won’t have to worry about medical underwriting and exorbitant costs. While it’s important to understand that a gifted life insurance policy may not be sufficient to cover all future life changes, it will assist with establishing a preliminary protection plan. Such a plan could be a critical component of your children’s long-term wealth protection and preservation strategy.
Depending on the carrier, there can be provisions within a life insurance contract that will allow your children to increase their life insurance limit as they grow into adulthood and experience life events. Examples of such life events include getting married, having children of their own, or taking out a mortgage and buying a house. Your children will pay any premium increase when they elect to increase coverage, but there is no medical underwriting involved at the outset.
Life insurance for kids is an often overlooked product, but my opinion is that it can have exponential benefits. Talk to your insurance provider about the cost to purchase a life insurance plan for your young children now, and learn more about how that benefit can grow over their lifetime.
Sports Health Insurance for Kids: What Parents Need to Know
New Versus Used Cars: What You Need to Know about Auto Insurance
Your Medical History Can Affect Your Health Insurance Premium
Traffic Violations And Your Auto Insurance Policy
Insurance Quotes: Insurance Brokers vs. Online Quotes
The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.