I’m very fond of children, so you would think it’s a no brainer – but it can work against you. I’ve been seeing parents lay it all out on the line for their kids and neglect themselves.

Financial Consultants like myself are stuck with the unfortunate dilemma of:

  1. a) Selling Child Insurance in crazy amounts to loving parents who may not even have settled their own insurance yet (with obvious potential repercussions and conflicts of interest), or
  2. b) Selling Parents on NOT purchasing Child Insurance before settling their own insurance first.

…naturally, in the best case scenario this reduces the budget that they wanted to spend on their child, and in the worst case scenario you piss off a parent for offering them good advice.

If you have kids or a niece as cute as mine,