25/08/2025
Many parents, when inquiring about insurance, often hint at insuring their child or children first. It may feel natural—after all, children are the most precious to us parents. However, from a financial protection standpoint, it makes far more sense to insure the parents before the children.
Here’s why:
💜 Parents are the providers.
The family’s financial stability largely depends on the parents’ ability to earn an income. If something unexpected happens to a parent—whether death, disability, or critical illness—the children’s future is immediately at risk. Insurance acts as a safety net that replaces lost income or covers expenses, ensuring that the children can still continue their education and daily needs.
💜Children are dependents, not breadwinners.
A child has no income to protect yet. While a child’s illness or passing is emotionally devastating, it does not financially cripple the household the way losing a parent would. This is why prioritizing life and health coverage for parents secures the family’s foundation first.
💜Education and future goals rely on parents’ financial health.
Tuition, daily living expenses, even dreams like starting a business or owning a home—all of these require funding that comes from the parents. By securing the parents, you are effectively securing the children’s future.
💜Once parents are secured, then the children can follow.
After ensuring that the financial backbone of the family (the parents) is protected, insuring the children can be considered for additional benefits—like building early savings, locking in lower premiums at a young age, or preparing for their long-term financial journey.
In short:
☀️ Insuring the parents is insuring the children’s future.
I have insured myself ten years ago when I was still single. And when I gave birth to our children, my husband and I applied for insurance policy for them. It’s not about choosing between them—it’s about securing the root before protecting the branches.
Modified repost from Financially Fat
