I Paid For Their Term Life Insurance
I just purchased some term life insurance for my daughter and her family. She and I have always been one to be prepared for anything, and when I found out that she and her husband could not afford term life insurance, I paid her premium for her. The term life insurance will be good for twenty years as long as the premiums are paid.
I got some other quotes for different kinds of life insurance from my insurance agent but it seemed that term life insurance was the cheaper way to go and then after the twenty years, the kids will all be grown and they can figure out what they want for themselves at that time.
One of the other kinds of insurance was no medical life insurance which would have been a little easier to get but more expensive. Since I was paying for it, my daughter and her husband insisted that we get the least expensive coverage that was out there. I was happy to do it for them and even gave them some literature of the other kinds of insurance that are out there just in case in the future, they want some additional coverage and they can afford it.