Child Life Insurance

	Child Life Insurance Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child's funeral or burial and to secure inexpensive and guaranteed insurance for the lifetime of the child. It offers guaranteed growth of cash value, which some carriers allow to be withdrawn (collapsing the policy) when the child is in their early twenties. Child life insurance policies typically offer the owner the option to purchase, or in some cases obtain additional guaranteed insurance when the child reaches maturity. Child life insurance policies typically: Are issued with face values between $5,000 and $50,000. Are always issued without a required medical examination. Have zero investment and zero interest rate risk associated with cash value growth. Provide insurance coverage for a designated beneficiary. Child life insurance should not be confused with juvenile life insurance, which is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Life Insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; common examples include claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example, the insured knowingly incurred a risk by consenting to an experimental m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Juvenile Life Insurance Juvenile life insurance is permanent life insurance that insures the life of a child (generally under age 18). It is a financial planning tool that provides a tax advantaged savings vehicle with potential for a lifetime of benefits. Juvenile life insurance, or child life insurance, is usually purchased to protect a family against the sudden and unexpected costs of a funeral and burial with much lower face values. Should the juvenile survive to their college years it can then take on the form of a financial planning tool. History Life insurance policies for children became popular in the 19th century to pay funeral and burial costs during a time of high infant mortality. Initially controversial, life insurance for children eventually gained broad acceptance. Unlike traditional life insurance, burial insurance policies were marketed typically to the poorer classes. Mutual aid societies sponsored burial insurance policies for immigrants and religiously affiliated groups. Such groups ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Estate Planning Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life, in the event the person becomes incapacitated and after death. The planning includes the bequest of assets to heirs and may include minimizing gift, estate, generation skipping transfer, and taxes. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can only be determined by the specific goals of the estate owner and may be as simple or complex as the owner's wishes and needs directs. Guardians are often designated for minor children and beneficiaries in incapacity. Devices Estate planning involves the will, trusts, beneficiary designations, powers of appointment, property ownership (joint tenancy with rights ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Friendly Societies Act 1875 The Friendly Societies Act 1875 was an Act of the Parliament of the United Kingdom passed by Benjamin Disraeli's Conservative government following the publication of the Royal Commission on Friendly Societies' Final Report. It was one of the Friendly Societies Acts 1875 to 1895 The Act encouraged friendly societies to register with the Registrar of Friendly Societies by granting them the legal right to own land and property in the name of their trustees and the ability to take out legal proceedings in return for registration. Registered societies were subject to regulation, for example they were required to submit quinquennial returns to the Registrar which gave details of their financial affairs and in-force business which could be used by the Registrar to evaluate their assets against their liabilities under life assurance, annuity and sickness business. Friendly societies paid ''de facto'' old-age pension A pension (, from Latin ''pensiō'', "payment") is a fund int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Athelstan Braxton Hicks Athelstan Braxton Hicks (19 June 1854 – 17 May 1902) was a coroner in London and Surrey for two decades at the end of the 19th century. He was given the nickname "The Children's Coroner" for his conscientiousness in investigating the suspicious deaths of children, and especially baby farming and the dangers of child life insurance. He would later publish a study on infanticide. He was the son of Dr John Braxton Hicks, the well-known obstetrician, born in Tottenham, London. Career He was a barrister at law who entered the Middle Temple in 1872 and was Call to the bar, called to the bar in 1875. He was a special pleader on the Western Circuit and at the Middlesex Sessions. He was for some time a student at Guy's Hospital, where he gained considerable knowledge of medical jurisprudence. He was Deputy Coroner of the City of London and Borough of Southwark, the City of Westminster and the West London District. He was appointed Coroner in 1885 for the South-Western District of Londo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Deptford Poisoning Cases The Deptford Poisoning Cases were a series of notorious murder cases that occurred in 1889 in Deptford, United Kingdom. Investigators determined that at least three people were poisoned to death by Amelia Winters, possibly with the assistance of her daughter, Elizabeth Frost. The two women insured over twenty people, five of whom died in questionable circumstances. The victims included two young children who were relatives of Winters and Frost. Winters died before going to trial. Frost was convicted of forgery for falsifying insurance documents and sent to prison for seven years. The cases The victims in the murder cases were Sidney Bolton, aged 11, the son of a niece living with Winters, William Sutton, the elderly father of another relative, and Elizabeth Frost, the mother-in-law of the daughter Elizabeth Frost. The doctor's certificate had given the cause of death as 'gastrodynia, diarrhoea and convulsions.' When Joseph Winters, Amellia's husband, discovered the insuran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]