A Different Kind of Gift: Celebrating National Parents’ Day by Investing in Your Child’s Future
“Parenthood: The days are long, but the years are short.” – Gretchen Rubin1
This quote rings true for so many families. One minute you’re holding your newborn, and the next, you’re helping them plan their future. That’s what National Parents’ Day is all about.2
A Meaningful Way to Celebrate National Parents’ Day
Parents do so much to protect their children — teaching life skills, saving for school, and planning for what’s ahead. But what if you could give a gift that supports your child not just today, but for years to come? This year, consider something more meaningful than the usual celebration: a life insurance policy designed to grow with them and help provide long-term security.
Why Some Parents Choose Life Insurance for Their Kids
Getting life insurance for a child isn’t about expecting the worst. It’s about preparing for the future with care and intention.
Life insurance for children is a way of giving your child options—something every parent wants to provide. Depending on the type of policy, it can:
- Provide protection early on: Coverage can be locked in while your child is young and healthy
- Build value over time: Some policies have the potential to grow cash value that can be used later3
- Support big life moments: If there is sufficient cash value, those values might be accessed to help with college, a home, or even starting a business
- Offer lasting coverage: Your child can keep the policy into adulthood
A Gift That Grows With Them
Many gifts come and go. Toys are outgrown. Trends fade. But a life insurance policy can grow alongside your child. Over time, it has the potential to become a financial resource they can use when they need it most — whether that’s for education, opportunities, or long-term security. It’s more than a policy. It’s a way to help protect their future and give them options.
Starting the Conversation
Every family’s situation is different, but the intention is the same: to provide security, stability, and opportunity. That’s why planning should always start with a conversation. Parents’ Day is the perfect time to think about your goals:
- What kind of future do you want for your child?
- How can you help support their dreams?
- What steps can you take today to build long-term security?
Celebrating With Purpose
Celebrate Parents’ Day by considering a gift that can grow over time – one that supports your child not just today, but in the years to come.
Start today. Connect with a financial professional at National Life Group and take one step toward building a strong financial future for your child.
Frequently Asked Questions
When is a good time to get life insurance for a child?
The earlier, the better. Policies are often more affordable when children are young and healthy, and they have more time to potentially grow in value.3
Who owns the policy?
In most cases, you own the policy while your child is young. This allows you to manage it until your child is ready to take over. You should also name a contingent owner of the policy, such as your spouse.
When should the policy be transferred to my child?
Generally, once your child is a young, responsible adult, you should consider transferring the policy to them. This transfer of the policy is a gift from you to your child, the insured. You should consult with a qualified legal expert before making this gift.
What should I do to get started?
Think about your family’s goals, set a budget, and talk with a financial professional to explore your options.
Margaret A. Muldoon
Margaret (Meg) Muldoon is an attorney* with the Advanced Sales Team. Meg has spent her career guiding individuals and financial service professionals through asset distribution and estate planning process.
In her position at National Life Group, she offers comprehensive case design, technical, marketing, and educational support to National Life Group’s field partners, agents, and associates on matters pertaining to estate, charitable, executive benefit, and business planning. She does not practice law on behalf of National Life Group.
Meg possesses a J.D., an LL.M. in taxation, and a B.S. in Business Administration and related experience as an attorney in the financial services industry and in private practice. She was also an adjunct professor at Suffolk University Law School. She is a member of the State Bar of Massachusetts and is admitted to practice before the United States Supreme Court.
* Not practicing law on behalf of National Life Group, National Life Insurance Company, or Life Insurance Company of the Southwest.